India’s bioeconomy hits $130 billion, to reach $ 300 billion by 2030: Minister – Times of India
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NEW DELHI: India’s economy has witnessed a remarkable surge, growing from USD 10 billion in 2014 to over USD 130 billion in 2024, with projections set to hit an impressive USD 300 billion by 2030.
Dr Jitendra Singh, Union Minister of State for Science and Technology, lauded this extraordinary growth while formally releasing the groundbreaking BioE3 policy at the L Media Centre today.
Singh said, “India’s bio economy skyrockets from USD 10 billion in 2014 to over USD 130 billion in 2024, with projections to reach USD 300 billion by 2030”.
He added, “BioE3 policy will prove to be a milestone not only for the bio economy but a game changer for Viksit Bharat @2047”.
According to the Ministry of Science and Technology, during the ceremony, Dr Singh hailed India as a global biotech powerhouse, crediting Prime Minister Narendra Modi’s visionary leadership for this transformative journey.
Singh said, “As India emerges as a Global Biotech Powerhouse, Prime Minister Narendra Modi will be hailed across the world as the champion of new Biotech Boom”.
The BioE3 policy, recently approved by the Union Cabinet under the chairmanship of PM Modi, aims to foster high-performance biomanufacturing, aligning with national initiatives such as the ‘Net Zero’ carbon economy and Mission LiFE (Lifestyle for Environment).
He said, “BioE3 policy will have a momentous impact on various sectors like food, energy and health”.
Dr Singh described the policy as a significant milestone not only for India’s bioeconomy but also as a game changer for the broader vision of ‘Viksit Bharat @2047.’
Addressing the gathering, Dr. Singh highlighted the momentous impact of the BioE3 policy across various sectors, including food, energy, and health.
The policy is centred around six thematic areas: bio-based chemicals and enzymes, functional foods and smart proteins, precision biotherapeutics, climate-resilient agriculture, carbon capture and utilisation, and futuristic marine and space research.
Dr Jitendra Singh, Union Minister of State for Science and Technology, lauded this extraordinary growth while formally releasing the groundbreaking BioE3 policy at the L Media Centre today.
Singh said, “India’s bio economy skyrockets from USD 10 billion in 2014 to over USD 130 billion in 2024, with projections to reach USD 300 billion by 2030”.
He added, “BioE3 policy will prove to be a milestone not only for the bio economy but a game changer for Viksit Bharat @2047”.
According to the Ministry of Science and Technology, during the ceremony, Dr Singh hailed India as a global biotech powerhouse, crediting Prime Minister Narendra Modi’s visionary leadership for this transformative journey.
Singh said, “As India emerges as a Global Biotech Powerhouse, Prime Minister Narendra Modi will be hailed across the world as the champion of new Biotech Boom”.
The BioE3 policy, recently approved by the Union Cabinet under the chairmanship of PM Modi, aims to foster high-performance biomanufacturing, aligning with national initiatives such as the ‘Net Zero’ carbon economy and Mission LiFE (Lifestyle for Environment).
He said, “BioE3 policy will have a momentous impact on various sectors like food, energy and health”.
Dr Singh described the policy as a significant milestone not only for India’s bioeconomy but also as a game changer for the broader vision of ‘Viksit Bharat @2047.’
Addressing the gathering, Dr. Singh highlighted the momentous impact of the BioE3 policy across various sectors, including food, energy, and health.
The policy is centred around six thematic areas: bio-based chemicals and enzymes, functional foods and smart proteins, precision biotherapeutics, climate-resilient agriculture, carbon capture and utilisation, and futuristic marine and space research.
