India's bio economy has experienced remarkable growth, skyrocketing from USD10 billion in 2014 to over USD130 billion in 2024, with projections to reach USD300 billion by 2030. This all set to position the country as a potential leader in the 4th industrial revolution, Union Minister for Science and Technology, Dr Jitendra Singh said on Sunday attributing the surge to the BioE3 Policy announced recently.
While briefing the media about the recent Union Cabinet decision on the ambitious BioE3 (Biotechnology for Economy, Employment, and Environment) Policy, he said, "The policy is set to accelerate this growth trajectory, making substantial contributions to the 'Make in India' initiative by fostering the development of bio-based products with minimal carbon footprints."
