India’s Bioeconomy Hits $165B; Dr. Jitendra Singh Launches Bio-Sarthi & BioEconomy Report

By  News On Air   Mar 21, 2025

Union Minister of State for Science and Technology, Dr Jitendra Singh, today highlighted that there are around 10,000 biotechnology startups in India, contributing to an estimated 165 billion dollar bioeconomy.

Speaking at the 13th Biotechnology Industry Research Assistance Council (BIRAC) Foundation Day, Dr Singh noted that India is being recognised globally for its remarkable progress in space and biotechnology. He also reaffirmed the government’s commitment to advancing science, technology, and the bioeconomy.

Dr Jitendra Singh highlighted India’s pioneering role in space medicine, making it one of the first countries to engage in this cutting-edge field. He emphasised the Department of Biotechnology’s collaboration with ISRO as a key milestone, underscoring its significance in advancing research and innovation in space medicine. The minister also showcased India’s remarkable biotech achievements, including the success of the COVID-19 vaccine, as well as advancements in TB, malaria, and haemophilia vaccines, further strengthening the nation’s impact in global healthcare. Additionally, he emphasised BioE3’s crucial role in driving biotech innovation and economic growth.

Dr Singh also launched the India BioEconomy Report 2025 and Bio-Sarthi, an initiative for global mentoring for biotech startups. The India BioEconomy Report is an annual publication by the Department of Biotechnology and BIRAC that tracks the growth and performance of India’s bioeconomy, mapping its size, structure, and key trends, and providing insights for policy and investment decisions. During the occasion, the minister also congratulated BIRAC on its 13th anniversary.