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The term biotechnology represents a fusion or an alliance between biology and technology. Biotechnology is as old as human civilization and is an integral part of human life. There are records that wine and beer were prepared in as early as 600 B.C. bread and curd in 4000 B.C. The term biotechnology was introduced in 1917 by Hungarian engineer, Karl Ereky. It concerns with the exploitation of biological agents or their components for generating useful products / services. The area covered under biotechnology is very vast and the techniques involved are highly divergent.