As per the Indian Council of Medical Research (ICMR) only two companies are involved in Stem Cell Research viz. Reliance Life Sciences, Mumbai and Life Cell, Kilakottiyur near Chennai.

Reliance Life Sciences established South Asia’s first Umbilical Cord Blood Repository in June, 2000.

Recently, Asia Cryo-Cell Pvt. Ltd. based at Chennai in collaboration with Florida based Cryo-Cell International has set up its first Umbilical Cord blood Stem Cell Bank “Life Cell” which has its collection centres at Ahmedabad, Delhi, Hyderabad and Mumbai, with plans to set up more centres in 24 cities in next 24 months.

ICMR has also reported that as per media reports Cryo-Cell in Bangalore has recently signed agreement with Malaysia.

Apollo Hospital, Chennai is also reportedly in the process of signing a Memorandum of Understanding (MOU) with Histo Stem Inc. Delaware.
Note: US. Government has not allocated any money to these centres.

Source: Government of India Press Release