Yes,  it has scope. There are also a wide range of private organizations which employs biochemical engineering graduates. Some of them are Amgen Inc., MedImmune Inc., Genzyme Corporation, Cephalon Inc., Millennium Pharmaceuticals Inc., Genentech Inc., Biogen Idec Inc., BioMarin Pharmaceutical Inc., Gilead Sciences Inc.,  Actelion Ltd, Tanox Inc., PDL BioPharma Inc., Regeneron Pharmaceuticals Inc.,  Elan Corporation, Celgene Corporation, Vertex Pharmaceuticals Inc., Human Genome Sciences Inc., CV Therapeutics Inc., and so on. The average package for a fresher in these private organizations would be in the range of Rs. 15,000/- to Rs. 25,000/- per month. With gaining experience and skill in the field, one can easily earn a 6 digit salary