India to target $300 billion bioeconomy by 2030

Union Minister of Science & Technology, Jitendra Singh today called for a wider public understanding and inclusive participation in India's biotechnology mission, stating that every Indian is a stakeholder in the country's bioeconomy. In a speech, the Minister reiterated the government's commitment to realizing a $300 billion bioeconomy by 2030. The Minister highlighted that India's biotechnology ecosystem has grown from just around 50 startups a decade ago to nearly 11,000 today ' a leap made possible by policy backing and institutional partnerships. Referring to the recently launched BioE3 Policy, Singh noted that it lays the groundwork for India to lead in sustainable biomanufacturing by aligning bioeconomy goals with environmental sustainability, economic growth, and equity.

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