An IANS report in the Hindu:
What could be more precious than gifting your unborn child a way to fight blood, genetic and immune system diseases for the rest of his or her life? Sure enough, many Indians are waking up to the magic of stem cell banking.
“Already 300 people have approached us for information on stem cell banking,” said V.R. Chandramouli, managing director of Europe’s largest stem cell banking company, Cryo-Save, which launched operations in India in December. The company obviously realises the huge potential in this business in India. It has invested over Rs.10 million in 10 stem cell storage banks opened this month.
A couple of companies in India were already dealing with stem cell banking like LifeCell, Chennai; and Reliance Life Sciences. Stem cells from umbilical cord blood are collected at the time of delivery when the cord connecting the baby to mother is cut.
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