The Indian biotechnology sector valued at USD 2.86 Billion in 2007- 2008 is one of the fastest growing knowledge-based sectors and is expected to play a key role in shaping India's rapidly developing economy. With a remarkable growth of 30 % over the last few years in the biotech sector, India has started attracting the Global Attention especially in the field of clinical trials, contract research & manufacturing and other services of Biopharma segment. Besides, India is the leader in global vaccine market contributing to over 33% of the global market.