India, Feb. 28 -- With the biotech boom radically changing the definition of life and the meaning of our existence over the last couple of decades, businesses have turned to labs to recreate the building blocks of life, rapidly bringing in a fundamental transformation in the way humanity survived down the centuries.

The rush, in effect, sent the global bioprocessing industry on an 11.39% growth trajectory to scale a height of $228.73 Bn by 2033.

The exploding demand for bio-based ingredients in industries like cosmetics, chemicals, pharmaceuticals and foods has fostered a 16-fold surge in India's bio-economy to $165.7 Bn in the last 10 years. Projecting a $300 Bn business opportunity unfolding by 2030, finance minister Nirmala Sitharama...