Team Blitz India
NEW DELHI: Union Minister Jitendra Singh on November 5 announced India’s ambitious goal of becoming one of the top 5 global bio-manufacturing hubs by 2025.
Speaking at the launch of the website for Global Bio-India – 2023, an international biotechnology congregation scheduled from December 4-6, 2023, Jitendra highlighted the potential of biotechnology in driving India’s global trade and bio-economy, contributing significantly to the nation’s overall economic growth.
“Under the leadership of PM Modi, India’s bioeconomy has experienced remarkable growth, witnessing a double-digit growth rate year-on-year over the last nine years.”
Jitendra noted that India’s bioeconomy, which stood at $10 billion in 2014, has now surged to $80 billion, indicating an eightfold increase in just eight to nine years.
With a vision for the future, Jitendra expressed confidence in India reaching $300 billion in bioeconomy by 2030, emphasizing the enormous potential biotechnology holds for generating livelihood opportunities.