India, Aug. 28 -- Union Minister of Science and Technology Dr. Jitendra Singh on Wednesday said India's bioeconomy is projected to grow to $300 billion by 2030, up from $165.7 billion in 2024 and just $10 billion in 2014. He was speaking at an event marking one year of the BioE3 (Biotechnology for Economy, Environment and Employment) Policy, where he launched the BioE3 Challenge for Youth and the country's first National Biofoundry Network.
The Minister highlighted that under the BioE3 Policy, the Department of Biotechnology (DBT) has established new institutions, biomanufacturing hubs, biofoundries, and AI-driven biotech centers. Notable milestones include the inauguration of India's first Biomanufacturing Institute in Mohali, joint resea...