India’s bioeconomy grows nearly 20-fold in a decade, moving towards $300 billion target by 2030: Jitendra Singh

March 19, 2026 5:29 PM

India’s bioeconomy grows nearly 20-fold in a decade, moving towards $300 billion target by 2030: Jitendra Singh

Union Minister Dr. Jitendra Singh on Thursday said India’s bioeconomy has witnessed a remarkable surge from around $10 billion in 2014 to over $195 billion in 2025, underlining the country’s emergence as a fast-growing global biotechnology hub. Speaking at the 14th Foundation Day event of Biotechnology Industry Research Assistance Council (BIRAC) in New Delhi, the minister noted that the sector recorded an annual growth rate of 17-18 per cent in the past year alone, rising from approximatel...

Jitendra Singh inaugurates Rs 60 crore recombinant cells facility at BRIC-RGCB in Thiruvananthapuram; says India moving towards $300 billion bioeconomy

March 1, 2026 4:40 PM

Jitendra Singh inaugurates Rs 60 crore recombinant cells facility at BRIC-RGCB in Thiruvananthapuram; says India moving towards $300 billion bioeconomy

Union Minister of State (Independent Charge) for Science and Technology, Dr Jitendra Singh on Sunday inaugurated a state-of-the-art “Central Facility for Recombinant Cells and Sensors” at the BRIC-Rajiv Gandhi Centre for Biotechnology (BRIC-RGCB) in Thiruvananthapuram, Kerala. Developed at a cost of approximately Rs 60 crore by the Department of Biotechnology (DBT), the facility is expected to significantly boost drug discovery, medical research and agricultural genomics. Speaking at the in...

India’s bioeconomy poised to touch $300 billion by 2030: Jitendra Singh

August 28, 2025 12:37 PM

India’s bioeconomy poised to touch $300 billion by 2030: Jitendra Singh

Union Minister of Science and Technology Dr. Jitendra Singh on Wednesday said that India’s bioeconomy is projected to reach $300 billion by 2030, marking a sharp rise from $10 billion in 2014 and $165.7 billion in 2024. The Minister was speaking at an event marking one year of the BioE3 Policy (Biotechnology for Economy, Environment and Employment), where he launched two major initiatives - the BioE3 Challenge for Youth and the National Biofoundry Network. * BioE3 Challenge for Youth is a na...