Tag : Biomanufacturing

New Delhi (The Hawk): The world is looking up to India as an emerging Biomanufacturing Hub, Union Minister Dr Jitendra Singh said today. Biotechnology Startups and Institutional linkages with Industry will drive India’s Bioeconomy in the years to come, he said. The Union Minister of State (Independent Charge) Science & Technology; MoS PMO, Personnel, Public Grievances, Pensions, Space and Atomic Energy, Dr Jitendra Singh said this while inaugurating the 3rd Global Bio-India, mega international congregation on Biotechnology, at Bharat Mandapam, Pragati Maidan in New Delhi. Dr Jitendra Singh said that our Bioeconomy witnessed double digit growth rate year-on-year in the last 9/10 years under the leadership of Prime Minister Shri Narendra Modi. “In 2014, India’s bioeconomy stood at just about $10 Billion, this fiscal we are likely to touch $150 billion and we look forward to having $300 Billion by 2030,” he said. Dr Jitendra Singh said, India has made rapid strides in the last 8/9 years. “We had just 55 (Biotech) Startups in 2014, now we have more than 6,000,” he said. Dr Jitendra Singh said, today there are over 3,000 Agritech Startups and are very successful in areas like Aroma Mission and Purple Revolution. “About 4,000 people are engaged with Lavender cultivation and earning lakhs of rupees,” he said. The S&T Minister said, Biotechnology will provide the “future value addition” to India’s economy in the years to come. “India has a huge wealth of bioresources, an unsaturated resource waiting to be harnessed and an advantage in Biotechnology especially due to the vast biodiversity and the unique bioresources in the Himalayas. Then there is the 7,500 kms long coastline and under the Deep Sea Mission, we are going to dig the biodiversity ...