India, April 2 -- The Government of India has issued a release:
India's bioeconomy crossed the $150 billion milestone in 2023, achieving its projected target two years ahead of schedule. By the end of 2024, the sector reached $165.7 billion (https://www.birac.nic.in/webcontent/indian_bioeconomy_report_2025.pdf). Aligned with the National Biotech Development Strategy 2021, which prioritizes innovation and manufacturing excellence, the Department of Biotechnology along with its Public Sector Enterprise, the Biotechnology Industry Research Assistance Council (BIRAC) has implemented strategic measures to bolster the national biotech ecosystem and accelerate industry growth. Through targeted funding, policy interventions, and institutional capa...