Latest news with #WorldBioproductDay
Hans India
08-07-2025
- Business
- Hans India
India targets $300 bn bioeconomy by 2030
New Delhi: The government is committed to realising a $300 billion bioeconomy by 2030, reiterated Union Minister of Science and Technology, Dr. Jitendra Singh on World Bioproduct Day on Monday. Calling for a wider public understanding and inclusive participation in India's biotechnology mission, Singh stated that every Indian was a stakeholder in the country's bioeconomy. The biotechnology ecosystem in the country '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,' said Singh, while speaking at an event, organised by the Department of Biotechnology (DBT) and its agencies BIRAC and iBRIC+. Referring to the recently launched BioE3 Policy, Singh noted that it laid the groundwork for India to lead in sustainable biomanufacturing by aligning bioeconomy goals with environmental sustainability, economic growth, and equity. The BioE3 (Biotechnology for Economy, Environment and Employment) Policy aims to position India as a global leader in bio-based innovations. 'Bioproducts aren't limited to laboratories anymore. They're about livelihoods -- from biodegradable packaging to eco-friendly personal care, from rural employment to green jobs,' he said. He emphasised that the future industrial revolution will be driven by bioeconomy, and India, he believes, has taken the lead. Further, acknowledging the challenges faced by young scholars in biotech, the Minister pointed out the mismatch between parental expectations and individual aptitude in career choices. He termed the National Education Policy (NEP) 2020 a 'game-changer' that would allow students to pursue disciplines of interest with flexibility. 'We are seeing a new generation with real aptitude and capacity to learn,' he said. Singh also urged for stronger social media outreach, using success stories, local languages, and relatable formats to communicate biotech's relevance to common citizens. 'If we want to attract young talent, we must link biotechnology to profitability and livelihood, not just academics,' he said. Meanwhile, Secretary, DBT and Chairman of BIRAC, Dr. Rajesh S. Gokhale outlined steps being taken to operationalise the BioE3 Policy in the country. These include 'support for pilot manufacturing, region-specific innovation missions, and strengthening the pipeline from research to market,' Gokhale said.
Time of India
07-07-2025
- Business
- Time of India
Biotech startups surged from 50 to 11,000 in one decade: Jitendra Singh
Academy Empower your mind, elevate your skills Science and Technology Minister Jitendra Singh Monday 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 here during the nationwide celebration of World Bioproduct Day - The BioE3 Way, Singh reiterated the government's commitment to realising a $300 billion bioeconomy by minister said that India's biotechnology ecosystem has grown from just around 50 start-ups a decade ago to nearly 11,000, a leap made possible by policy backing and institutional said the BioE3 Policy lays the groundwork for India to lead in sustainable bio-manufacturing by aligning bioeconomy goals with environmental sustainability, economic growth, and equity. Bioproducts aren't limited to laboratories anymore. They're about livelihoods, from biodegradable packaging to eco-friendly personal care, from rural employment to green jobs," he said that the future industrial revolution will be driven by bioeconomy, and India has taken the also drew attention to the disparity in India's past policy priorities, especially in agriculture, which he said was historically informed by Western the untapped potential of India's natural resources and traditional knowledge systems, he said, "Foreign researchers come to India for what they don't have - our resources and diversity. We should learn to value them first."
Mint
07-07-2025
- Business
- Mint
India reaffirms it bioeconomy target of $300 billion by 2030
India is committed to growing its bioeconomy to $300 billion by 2030, Union minister for science and technology Jitendra Singh said on Monday, as the country aims to leverage biological resources such as crops, forests, and micro-organisms to sustainably produce goods, services, and energy and mitigate climate change. The biotechnology ecosystem in the country has grown from around 50 startups a decade ago to nearly 11,000 today—a leap made possible by policy backing and institutional partnerships, Singh said on the occasion of World Bioproduct Day. In March this year, the government said that the size of the country's bioeconomy was estimated at $165.7 billion in 2024. 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. The BioE3 Policy aims at accelerating development of technologies for bio-based products and their commercialization by setting up of bioenablers that include bio-artificial intelligence (Bio-AI) hubs, bio-foundries and bio-manufacturing hubs across the country. Bio-AI hubs will be set up to augment research and innovation for the development of technologies for bio-based products across the identified thematic sectors of biomanufacturing, by powering data-driven research and AI-informed predictive analytics. The bio-foundries and biomanufacturing hubs will aim at setting up of infrastructure facilities for scaling up of technologies for bio-based products. The key performance indicators (KPIs) for meaningful success have been identified in terms of setting up of bio-foundries and biomanufacturing hubs. According to the minister, bioproducts aren't limited to laboratories anymore. They're about livelihoods—from biodegradable packaging to eco-friendly personal care, from rural employment to green jobs, he said. He also emphasized that the future industrial revolution will be driven by bioeconomy, and India, he believes, has taken the lead. The minister acknowledged the challenges faced by young scholars in biotechnology, pointing out the mismatch between parental expectations and individual aptitude in career choices. He termed the National Education Policy (NEP) 2020 a 'game-changer' that would allow students to pursue disciplines of interest with flexibility. 'We are seeing a new generation with real aptitude and capacity to learn,' he said. Singh also drew attention to the disparity in India's past policy priorities, especially in agriculture, which he said was historically informed by western models. He stressed the need to leverage the untapped potential of India's natural resources and traditional knowledge systems.
