India, Sept. 12 -- India's bioeconomy has grown 16x within a decade from $10 billion to $165+ billion between 2014-2024 and with an ambitious target of a $1 trillion bioeconomy by 2040. Backing this ambition are startups which have also grown almost 2x to about 10,000 in just half a decade between 2021-2025.

Our first spurt was backed by generics, contract research and services. The next decade will be anchored around biomanufacturing that scales with plant, process and throughput. And Bengaluru is at the epicentre of that shift.

Bengaluru's biotech movement started in 1978 with a garage startup and a seed capital of Rs 10,000. Biocon then went on to prove that India can play at a global scale, manufacturing industrial enzymes, biosimil...