Estimated reading time: 3 minutes
In a recent announcement, Union Minister Dr Jitendra Singh outlined India’s burgeoning status as a potent force in the global biotechnology landscape, foreseeing the nation’s elevation to one of the top 5 global bio-manufacturing hubs by 2025. Addressing the “Global Bio-India – 2023” event, the Minister emphasized the monumental growth and vital role played by biotechnology in various sectors of the Indian economy and future prospects for the industry.
Biotech’s Evolution and Growth
Dr Jitendra Singh highlighted the significant progression of India’s bioeconomy, noting that under the leadership of Prime Minister Shri Narendra Modi, the country has witnessed exponential growth. With the bioeconomy rising from $10 billion in 2014 to $80 billion presently, India aims to reach $300 billion by 2030.
Impact of Biotech and Startups
The Minister stressed the pivotal role of biotechnology in evolving sectors like health, medicine, agriculture, and industry. With over 6,300 biotech startups, a hundredfold increase in recent years, these startups focus on innovative technological solutions to drive sustainable and environment-friendly products.
Utilizing India’s Bioresources
Highlighting India’s wealth of bioresources, Dr Jitendra Singh underlined the advantage gained through biodiversity, unique bioresources in the Himalayas, and the country’s expansive coastline. India’s vast bioresources are considered vital for the future of biotechnology, offering significant opportunities and innovations.
Biotech and the Indian Economy
Dr Jitendra Singh emphasized the emergence of biotechnology as a significant source of livelihood in the future, citing its potential to generate lucrative avenues, alternative solutions, and a clean and green environment. He showcased success stories in areas such as Agritech and ‘Waste to Energy’ initiatives, portraying how biotech can impact society positively.
Global Recognition and Future Strategies
The Minister pointed out India’s growing recognition on the global front, especially in preventive healthcare and the vaccine industry, applauding Prime Minister Shri Narendra Modi’s vision for an Atmanirbhar Bharat. He stressed the need for comprehensive collaboration among various stakeholders and industry linkages for extensive R&D and innovation.
Enabling Milieu for Growth
Dr Jitendra Singh credited PM Modi’s leadership for creating an enabling environment for entrepreneurship and industry growth. He stressed the importance of working collectively with the private sector to harness India’s untapped potential, moving towards global benchmarks and a comprehensive research and development approach.
The discussions at the event reiterated India’s commitment to transforming itself into a powerhouse in biotechnology, highlighting the vast potential, advancements, and future strategies that position the country at the forefront of global biotechnology.
Latest Stories
The National Center for Seismology has reported a 4.0 magnitude earthquake striking Tajikistan on May 7, 2024, at 15:37:47 IST. The earthquake's epicenter was located at latitude 37.34 N and longitude 72.31 E,…
Click here to Read more
Mallika Sherawat, the renowned Bollywood actress who shot to fame with her sensational debut in the 2004 film "Murder," recently took to social media to share a heartfelt moment with her mentor and…
Click here to Read more.jpg "Arunachal CM Pema Khandu Celebrates Thrilling Mondura Cycle Racing Event 3")
Chief Minister Pema Khandu of Arunachal Pradesh recently hailed the exhilarating Mondura cycle racing event, likening it to a thrilling adventure that stirs the senses and tests the limits of participants. CM Pema…
Click here to Read more.jpg "Riteish and Genelia Join Voter Turnout in Lok Sabha 2024 Elections 4")
Lok Sabha 2024 Elections: Bollywood couple Riteish Deshmukh and Genelia Deshmukh garnered attention as they exercised their democratic right by voting in the ongoing Lok Sabha Elections 2024. With their active social media…
Click here to Read more
The National Center for Seismology has reported a magnitude 3.3 earthquake striking Myanmar on May 7, 2024, at 15:21:04 IST. According to the data released, the earthquake's epicenter was located at latitude 25.30…
Click here to Read more.jpg "Uttarakhand CM Wishes Swift Recovery to Injured Dushyant Kumar Gautam 6")
Uttarakhand Chief Minister Pushkar Singh Dhami has conveyed heartfelt wishes for the speedy recovery of BJP's national general secretary and Uttarakhand state in-charge, Dushyant Kumar Gautam, who recently met with an unfortunate road…
Click here to Read more
As India gears up for the third phase of the Lok Sabha Elections 2024, Union Minister Nitin Gadkari resonates with the spirit of democracy, urging citizens to actively participate in the electoral process.…
Click here to Read more.jpg "ECI: Madhya Pradesh Witnesses Festive Voting Atmosphere 8")
The Election Commission of India (ECI) has lauded the vibrant democratic spirit witnessed in Madhya Pradesh as voters flock to polling stations with enthusiasm, turning the electoral process into a festive occasion. "It's…
Click here to Read more
In a significant stride towards enhancing operational efficiency and sustainability, Bharat Petroleum Corporation Limited (BPCL) has forged a strategic partnership with the upcoming Noida International Airport (NIA) to establish a dedicated Aviation Turbine…
Click here to Read more.jpg "Watch: Fan's Handmade Portrait of Raha Delights Ranbir Kapoor 10")
Ranbir Kapoor, the heartthrob of Bollywood, is currently riding high on the success of his recent film Animal, which has been receiving rave reviews from audiences and critics alike. However, despite all the…
Click here to Read more
Lok Sabha Elections 2024: As the world's largest democracy inches closer to shaping its next government, the Lok Sabha Elections of 2024 have reached Phase 3, where early turnout figures have begun to…
Click here to Read more
West Bengal Chief Minister Mamata Banerjee has conveyed her deepest condolences following a series of tragic incidents resulting from severe weather conditions in the state. "Profoundly sad to know that 9 persons died…
Click here to Read more
A heartwarming video capturing the touching moment when a woman surprises an auto-rickshaw driver with a thoughtful gift on Labour Day has been making rounds on the internet, melting hearts along the way.…
Click here to Read more.jpg "Emotional Video Shows Father's Relief After Daughter Survives Car Accident 14")
In a deeply emotional moment captured on video, Kevin Mullins shares the aftermath of his daughter's car accident in Gibson County, TN. The footage depicts the car impaled by a guardrail, a harrowing…
Click here to Read more
In a dramatic turn of events, over 1,000 pro-Palestine protesters have descended upon the Met Gala in New York City, aiming to disrupt the prestigious event. Originating from Hunter College, the group marched…
Click here to Read more
Transport Minister Nitin Gadkari invites travelers to experience the seamless blend of industrial efficiency and natural beauty along the Ahmedabad-Vadodara Expressway. As National Expressway 1, this modern highway connects Gujarat's prime industrial hubs…
Click here to Read more
Chief Minister of West Bengal, Mamata Banerjee, has expressed profound sorrow upon learning about the unexpected demise of Mou Raychaudhuri, a distinguished entrepreneur and cultural activist in Bengal. "Shocked to receive the news…
Click here to Read more
In a surprising turn of events, Ananya Birla, the accomplished singer and daughter of business magnate Kumar Mangalam Birla, has decided to bid farewell to her music career. The announcement came via a…
Click here to Read more.jpg "PM Modi Urges High Voter Turnout in Third Phase of Elections 19")
Prime Minister Narendra Modi has issued a fervent appeal to voters, urging them to turn out in large numbers and participate actively in the third phase of elections. Stressing the significance of voter…
Click here to Read more
Uttarakhand Chief Minister Pushkar Singh Dhami extends warm birthday greetings to Uttar Pradesh Deputy Chief Minister Keshav Prasad Maurya, expressing hearty congratulations and best wishes on this special day. Dhami wishes Baba Kedar…
Click here to Read more.jpg "Watch: SRK's Sweet Moment with Prithvi Shaw's gf Nidhhi Tapadiaa Goes Viral 21")
Shah Rukh Khan, the undisputed king of Bollywood, continues to reign supreme in the hearts of millions. With his magnetic presence, unparalleled acting prowess, and infectious charisma, he stands as the epitome of…
Click here to Read more
In a fervent appeal to the electorate, Uttarakhand Chief Minister Pushkar Singh Dhami has stressed the significance of voting in the upcoming phase of elections. Underlining the essence of democracy, he urged citizens…
Click here to Read more
Alia Bhatt, the epitome of grace and style, turned heads at the Met Gala 2024 with her exquisite ensemble that celebrated the essence of Indian craftsmanship and heritage. The Bollywood starlet took to…
Click here to Read more
The National Center for Seismology recently reported an earthquake in Uttarkashi, Uttarakhand, with a magnitude of M: 2.6. The seismic event occurred on May 7, 2024, at 08:56:40 IST. Situated at a latitude…
Click here to Read more
Weather systems dictate our daily lives more than we often realize. From planning outdoor activities to ensuring safety during severe weather events, understanding weather forecasts and warnings is crucial. Let's delve into the…
Click here to Read more
Aries (March 21 - April 19): Aries may feel a surge of energy and motivation to pursue their goals. They might find success in endeavors that require courage and initiative. Taurus (April 20…
Click here to Read more
The 7th convocation of the Central University of Himachal Pradesh in Dharamshala witnessed an esteemed presence as Smt. Droupadi Murmu, the President of India, graced the occasion with her enlightening address. In her…
Click here to Read more
Attention all commuters in Delhi: The Archeological Survey of India (ASI) has initiated repair work near Hanuman Setu, impacting traffic flow in the area. Starting from 04.05.2024, the extreme right lane below Mangi…
Click here to Read more
The Indian Space Research Organisation (ISRO) has reached a major milestone in space propulsion technology with the successful ignition of a semi-cryogenic engine preburner. This achievement, achieved at the Semi Cryo Integrated Engine…
Click here to Read more
The fever surrounding Pushpa 2: The Rule has reached unprecedented heights since its announcement, turning it into one of the most eagerly anticipated films of the year. Building on the success of its…
Click here to Read more.jpg "Meghalaya CM Sangma Oversees Waste Segregation Machine Installation 31")
Meghalaya Chief Minister Conrad K Sangma took a proactive step towards efficient waste management by inspecting the installation of a waste segregation machine at Rongkhon Songgital in Tura. The initiative underscores the state…
Click here to Read more
Sajid Nadiadwala, the mastermind behind the uproarious Housefull franchise, has once again sparked excitement among fans with the announcement of Abhishek Bachchan joining the ensemble cast for Housefull 5. Scheduled to commence filming…
Click here to Read moreICSE & ISC Exam: West Bengal Chief Minister Mamata Banerjee extends heartfelt congratulations to students who successfully cleared this year's ICSE & ISC examinations. In a message of encouragement and support, Banerjee wishes…
Click here to Read more.jpg "Deputy CM Rajendra Shukla Mourns the Passing of Elder Sister Ratna Pandey 34")
Deputy Chief Minister of Madhya Pradesh, Rajendra Shukla, is in mourning following the sad demise of his elder sister, Ratna Pandey. Shukla, who had been caring for his sister during her illness, expressed…
Click here to Read more
The Indian Meteorological Department (IMD) has issued a forecast indicating the likelihood of isolated heavy rainfall in Coastal Andhra Pradesh & Yanam on May 7th, 2024. Residents and authorities are urged to remain…
Click here to Read more.jpg "Mahindra Extends Support to Courageous Young Boy Running Roadside Food Cart 36")
Anand Mahindra, Chairperson of the Mahindra Group, has taken to social media to shine a spotlight on the inspiring story of Jaspreet, a 10-year-old boy running a roadside food cart despite facing significant…
Click here to Read moreUnion Minister Nitin Gadkari has lauded the picturesque landscape and practical advantages of the 6-lane Chitradurga-Davangere stretch, emphasizing its role as a vital conduit connecting Bangalore and Mumbai. More than just a transportation…
Click here to Read more
In response to the prevailing weather conditions in the state, Manipur Chief Minister N. Biren Singh has taken proactive steps to safeguard the well-being of students and residents. He announced the closure of…
Click here to Read more.jpg "Manipur CM N. Biren Singh Announces Urgent Assistance Measures After Hailstorm 39")
In response to the recent hailstorm wreaking havoc across several areas of Manipur, Chief Minister N. Biren Singh has initiated urgent measures to assist affected residents. With the priority being the safety and…
Click here to Read more
ICSE Board Exam Passers: Uttarakhand Chief Minister Pushkar Singh Dhami extends warm congratulations to all students who successfully cleared the ICSE board examinations. In a message to the students, he expressed pride in…
Click here to Read more
Vikrant Massey may be riding high on the success of his latest film "12th Fail," but that doesn't mean he's neglecting his responsibilities as a father. His wife, Sheetal Thakur, recently took to…
Click here to Read more
Excitement is brewing as iQOO prepares to introduce its newest addition to the Indian smartphone market, the iQOO Z9x. Packed with a host of promising specifications, this device is poised to elevate the…
Click here to Read more
