NEW DELHI: India’s financial system has witnessed a exceptional surge, rising from USD 10 billion in 2014 to over USD 130 billion in 2024, with projections set to hit a powerful USD 300 billion by 2030.
Dr Jitendra Singh, Union Minister of State for Science and Know-how, lauded this extraordinary progress whereas formally releasing the groundbreaking BioE3 coverage on the L Media Centre at this time.
Singh mentioned, “India’s bio financial system skyrockets from USD 10 billion in 2014 to over USD 130 billion in 2024, with projections to succeed in USD 300 billion by 2030”.
He added, “BioE3 coverage will show to be a milestone not just for the bio financial system however a recreation changer for Viksit Bharat @2047”.
Based on the Ministry of Science and Know-how, through the ceremony, Dr Singh hailed India as a world biotech powerhouse, crediting Prime Minister Narendra Modi’s visionary management for this transformative journey.
Singh mentioned, “As India emerges as a International Biotech Powerhouse, Prime Minister Narendra Modi will probably be hailed the world over because the champion of latest Biotech Growth”.
The BioE3 coverage, lately accredited by the Union Cupboard below the chairmanship of PM Modi, goals to foster high-performance biomanufacturing, aligning with nationwide initiatives such because the ‘Web Zero’ carbon financial system and Mission LiFE (Way of life for Surroundings).
He mentioned, “BioE3 coverage may have a momentous affect on numerous sectors like meals, vitality and well being”.
Dr Singh described the coverage as a major milestone not just for India’s bioeconomy but additionally as a recreation changer for the broader imaginative and prescient of ‘Viksit Bharat @2047.’
Addressing the gathering, Dr. Singh highlighted the momentous affect of the BioE3 coverage throughout numerous sectors, together with meals, vitality, and well being.
The coverage is centred round six thematic areas: bio-based chemical compounds and enzymes, practical meals and sensible proteins, precision biotherapeutics, climate-resilient agriculture, carbon seize and utilisation, and futuristic marine and house analysis.



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