How is India planning to achieve a $300 billion bioeconomy by 2030?
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Synopsis
On World Bioproduct Day, Union Minister Dr. Jitendra Singh reaffirmed India's commitment to realizing a $300 billion bioeconomy by 2030. This ambitious goal involves public engagement, innovative policies, and a focus on sustainable biomanufacturing. Discover the transformative potential of biotechnology for livelihoods and environmental sustainability.
Key Takeaways
- India aims for a $300 billion bioeconomy by 2030.
- Biotechnology has grown to nearly 11,000 startups.
- The BioE3 Policy aligns economic growth with sustainability.
- Public engagement is crucial for biotechnology advancement.
- NEP 2020 encourages flexibility in education.
New Delhi, July 7 (NationPress) The government is determined to achieve a $300 billion bioeconomy by 2030, emphasized Union Minister of Science and Technology, Dr. Jitendra Singh, during the observance of World Bioproduct Day on Monday.
He called for an enhanced public understanding and inclusive involvement in India’s biotechnology mission, asserting that every Indian plays a role in the nation’s bioeconomy.
According to Singh, the biotechnology sector in India has surged from approximately 50 startups a decade ago to nearly 11,000 today, a significant advancement facilitated by supportive policies and strategic partnerships.
He highlighted the recently introduced BioE3 Policy, which establishes a framework for India to take the lead in sustainable biomanufacturing, aligning bioeconomy ambitions with environmental sustainability, economic growth, and social equity.
The BioE3 (Biotechnology for Economy, Environment and Employment) Policy is designed to position India as a frontrunner in bio-based innovations.
“Bioproducts extend beyond laboratories; they encompass livelihoods—from biodegradable packaging to eco-friendly personal care products, promoting rural employment and green jobs,” he stated. He further asserted that the forthcoming industrial revolution will be propelled by the bioeconomy, with India at the forefront.
Additionally, recognizing the hurdles faced by young scholars in the biotech field, the Minister mentioned the disconnect between parental expectations and individual interests in career paths.
He referred to the National Education Policy (NEP) 2020 as a transformative initiative, allowing students to explore subjects of passion with flexibility. “We’re witnessing a new generation with genuine aptitude and a willingness to learn,” he added.
Singh also called for enhanced social media engagement, utilizing success narratives, local languages, and relatable formats to convey biotechnology’s significance to everyday citizens. “To attract young talent, we must connect biotechnology to profitability and livelihoods, rather than solely academic pursuits,” he remarked.
Meanwhile, Secretary of DBT and Chairman of BIRAC, Dr. Rajesh S. Gokhale, outlined the measures being implemented to operationalize the BioE3 Policy across the nation.
These initiatives include “support for pilot manufacturing, region-specific innovation missions, and fortifying the pathway from research to market,” Gokhale stated.
Point of View
It’s crucial to recognize the pivotal role that biotechnology plays in shaping India's economic future. The government's commitment to a $300 billion bioeconomy reflects a forward-thinking approach, aligning environmental sustainability with economic growth. With the right policies and public engagement, India can emerge as a global leader in this sector, benefiting both the populace and the planet.
NationPress
20/07/2025
Frequently Asked Questions
What is the BioE3 Policy?
The BioE3 Policy stands for Biotechnology for Economy, Environment and Employment, and aims to position India as a leader in sustainable biomanufacturing while aligning with environmental and economic goals.
How many biotech startups are there in India?
India's biotechnology sector has grown from around 50 startups a decade ago to nearly 11,000 today, showcasing significant development in the field.
What is the significance of World Bioproduct Day?
World Bioproduct Day emphasizes the importance of biotechnology in sustainable development and encourages public engagement in the bioeconomy.
How does the NEP 2020 impact biotechnology education?
The National Education Policy (NEP) 2020 allows students to pursue their interests flexibly, promoting greater engagement in biotechnology and related fields.
What role do bioproducts play in the economy?
Bioproducts contribute to various sectors, including biodegradable packaging, eco-friendly personal care, and create rural employment and green jobs.
