💰 India’s bioeconomy has grown from $8 billion in 2014 to $100 billion.
- 🌍 The country aims to reach $150 billion by 2025.
- 📈 India ranks 12th globally and 3rd in the Asia Pacific region in terms of bioeconomy.
- 💉 India holds the top spot in vaccine production.
- 🔬 Biotechnology has the potential to boost global trade.
- 👨🔬 Biotechnology is emerging as a popular career choice among the youth.
- ♻️ Biotechnology startups offer opportunities for clean and sustainable manufacturing.
Summary
- 💰 India’s bioeconomy has witnessed substantial growth, increasing from $8 billion in 2014 to $100 billion. Under the leadership of Prime Minister Narendra Modi, the country now targets $150 billion by 2025.
- 🌍 In terms of bioeconomy, India ranks 12th globally and 3rd in the Asia Pacific region. Additionally, India leads in vaccine production.
- 🔬 Biotechnology has the potential to become a significant instrument for global trade. India possesses abundant bioresources, particularly in the Himalayas and its vast coastline.
- 👨🔬 Biotechnology has gained popularity as a career choice among the youth. A recent survey in Delhi revealed that biotechnology ranked fourth or fifth as the preferred stream among Class 12 students.
- ♻️ Biotechnology startups combine biology research and manufacturing, offering opportunities for clean, sustainable, and bio-based product manufacturing.
India’s bioeconomy has experienced remarkable growth, expanding from $8 billion in 2014 to a staggering $100 billion. The government’s target is to further increase this value to $150 billion by 2025. The country’s global standing in bioeconomy is significant, ranking 12th in the world and 3rd in the Asia Pacific region. India also holds the first position in vaccine production.
The potential of biotechnology in fostering global trade is recognized, with India having abundant bioresources. The biodiversity in the Himalayas and the extensive coastline offer unique opportunities. The recent launch of the Samudrayaan project aims to explore the biodiversity beneath the seas, further expanding India’s biotechnological advantage.
Biotechnology has emerged as a popular career option among the youth, gaining traction in recent years. A survey conducted among Class 12 students in Delhi revealed that biotechnology ranked among the top streams preferred for further studies. This change in how we see things is because more people are becoming aware of tools like synthetic technology, genome editing, microbial bioresources, and metabolic engineering, especially in disease management.
Biotechnology startups represent a new genre that combines biology research with manufacturing processes involving microorganisms and self-cultures. These startups serve as instruments of manufacturing and offer opportunities for clean, greener, and more sustainable alternatives to petrochemical-based manufacturing. Bio-based products such as food additives, bioengineering ties, and animal feed products contribute to a cleaner environment and generate lucrative sources of livelihood.
To promote biomanufacturing and the use of bioproducts, Union Minister Jitendra Singh launched the #IChooseLiFE social media campaign on World Bioproduct Day. This campaign aims to create awareness and drive the adoption of biomanufacturing practices in India.
