Key Points

India is making remarkable strides in the biotechnology sector, with 21 global bio-companies and a rapidly expanding bioeconomy. The government is actively supporting this growth through innovative policies and infrastructure development. Biotech startups have surged from just 50 to over 13,000 in a decade, showcasing the sector's potential. Dr. Jitendra Singh's vision aims to transform India into a self-reliant biotechnology hub with ambitious economic targets.

Key Points: Jitendra Singh Reveals India's 21 Global Biotech Firms Milestone

  • India's bioeconomy grows from $10 billion to $100 billion
  • 13,000 biotech startups emerge in a decade
  • 21 advanced bio-enabler facilities launched nationwide
  • Government aims to reduce import dependence through biotechnology
2 min read

India accounts for 21 out of 121 bio-companies globally, says Jitendra Singh

India's biotech sector surges with 21 global bio-companies, targeting $300 billion economy through innovative biomanufacturing platforms

"Bio-enablers are the foundation of India's next wave of biotechnology-led growth - Dr. Jitendra Singh"

New Delhi, Sep 1

In a key step in positioning India as a global hub for biotechnology-led growth, Union Minister of State (Independent Charge) for Science and Technology Dr. Jitendra Singh on Monday said the country now accounts for 21 out of the 121 bio-companies globally.

Speaking at an interactive meet of the Department of Biotechnology (DBT) and BIRAC with industry stakeholders at India International Centre here, Singh said: "This is not a small achievement for a country that once followed others; today, we are among the first movers in institutionalising biomanufacturing policy".

At the event, Singh also launched the High-Performance Biomanufacturing Platforms under the BioE3 (Biotechnology for Economy, Environment, and Employment) Policy.

The newly launched platforms bring together 21 advanced bio-enabler facilities across the country.

These facilities will offer shared infrastructure for startups, small and medium enterprises, industries, and academic institutions to test, scale, and commercialise technologies. The scope of work spans microbial biomanufacturing, smart proteins, sustainable agriculture, functional foods, carbon capture, marine biotechnology, and next-generation cell and gene therapies.

Highlighting India's recent strides, the Minister noted that the country's bioeconomy has grown from about $10 billion to nearly $100 billion today, with a target of reaching $300 billion in the coming years.

He also underlined the expansion of biotech startups, which have risen from just 50 a decade ago to over 13,000 today, supported by nearly 100 incubators under BIRAC.

"We are among the first movers in institutionalising biomanufacturing policy," Singh said.

The Minister said the government's focus on biomanufacturing was part of a larger vision to make India self-reliant in critical sectors and reduce dependence on imports.

"Bio-enablers are the foundation of India's next wave of biotechnology-led growth. By providing world-class platforms, tools, and infrastructure, bio-enablers empower our scientists, startups, and industry to move faster from ideas to innovations, and from laboratories to markets," he said.

- IANS

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Reader Comments

R
Rohit P
Great achievement but hope this translates to affordable healthcare solutions for common people. Sometimes these high-tech initiatives don't reach the masses.
A
Arjun K
13,000 biotech startups from just 50 a decade ago! This is the real success story. Young entrepreneurs are driving India's biotech revolution 💪
S
Sarah B
Impressive growth numbers. The focus on sustainable agriculture and carbon capture shows India is thinking about both economic growth and environmental responsibility.
V
Vikram M
Shared infrastructure for startups and SMEs is a game-changer. Many brilliant ideas fail due to lack of resources. This initiative will help bridge that gap.
M
Michael C
As someone in the biotech industry, I can confirm India is becoming a serious global player. The quality of research and innovation coming from Indian institutions is world-class.
K
Kavya N
Hope this leads to more job opportunities for biology graduates. We need more research positions and better funding for scientists in India.

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