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MBA - Biotech is one of the newest disciplines in management, encompassing management and Biotechnology. Biotechnology is one of the growing sectors in national and International economies. An MBA in Biotechnology will definately prepare for the business world and help you develop entrepreneurial insights.
Managerial manpower, with Biotech specialization, will be needed to play an entrepreneurial role and to manage effective and efficient commercial utilization of the Biotech research outcomes. The Biotechnology focused managers will also monitor the socio-economic and ethical issues so that the technology is harnessed and applied for the holistic betterment of mankind (from PUMBA).
However if you are planning to start pharmaceutical/Cosmetics/Ayurvedic/Siddha/Unani products manufacturing company/business, you require to obtain manufacturing license from concerning authority of applicable state. Procedure and requirements may vary state to state or with amendments in Drug and Cosmetic Act/Rules. You should refer Drug and Cosmetic Act/Rule at regular basis for accurate requirement and procedures. You can also visit concerning department website of particular state for complete information.