New Delhi|HL
India’s bio economy has experienced remarkable growth, skyrocketing from $10 billion in 2014 to over $130 billion in 2024, with projections to reach $300 billion by 2030
On the first day of the New Year today, Union Minister Dr. Jitendra Singh, Minister of State (Independent Charge) for Science and Technology, Earth Sciences (Independent Charge), MoS PMO, DoPT Personnel, Public Grievances and Pensions, Atomic Energy, Space, gave an exclusive interview to Doordarshan News, in which he exuded confidence that the year 2025 will witness India assuming critical role in Global Biotechnology revolution and that India’s 1st Biotechnology policy- BIO-E3 brought by Modi Govt 3.0 has already paved the way for it.
The Minister highlighted India’s significant strides in biotechnology and the nation’s growing global leadership in Biotechnology.
Reflecting on the past decade of progress under the leadership of Prime Minister Narendra Modi, Dr. Jitendra Singh emphasized the pivotal role of biotechnology in India’s future, particularly as the country continues to embrace innovation, technology-based interventions, and startups. “Prime Minister Modi’s vision has consistently prioritized innovation and technological advancement, driving India’s evolution into a global biotechnology powerhouse,” said Dr. Singh. He added that biotechnology is poised to be at the forefront of the Fourth Industrial Revolution, with India playing a central role.
Dr. Jitendra Singh highlighted the newly launched BIO-E3 (Biotechnology for Economy, Employment, and Environment) Policy, which was recently approved by the Union Cabinet under Prime Minister Modi’s leadership. This forward-thinking policy marks a significant milestone for India’s biotechnology sector, reinforcing its potential to shape the country’s economy, employment landscape, and environmental sustainability in the years to come.
