India’s biotechnology revolution is rewriting its economic destiny, moving from lab-based experiments to becoming a superpower that is propelling the country towards a $5 trillion economy by 2030. Over the past decade, the bioeconomy has grown 16-fold—from $10 billion in 2014 to $165.7 billion in 2024—contributing 4.2% to GDP and creating a vibrant startup ecosystem of over 10,000 enterprises. This surge, driven by government-led “systemic capacity building”, is turning challenges like climate change and food security into opportunities for self-reliance, linking science with nation-building.
Policy Superpower: The Bridge of BioE3 and BIRAC
The Department of Biotechnology (DBT) is leading the policy, supporting the BioE3 policy—Biotechnology for Economy, Environment and Employment—approved in August 2024. It promotes high-performance biomanufacturing, moving away from reliance on fossil fuels and towards regenerative models such as bio-based chemicals, enzymes and smart proteins. Union Minister Dr Jitendra Singh calls it a driver of “green growth”: “Bio-manufacturing and bio-foundries will drive India’s future bio-economy.”
DBT Secretary Dr. Rajesh S. Gokhale also says the same: “Through BioE3 and our bio-manufacturing mission, we accelerate sustainable development by linking research to commercialization, of which BIRAC is an important link.” Biotechnology Industry Research Assistance Council (BIRAC) through its flagship Biotech Ignition Grant (BIG) has ignited over 11,000 ideas, encouraging over 2,500 incubatees across 95 centers to launch over 800 products. Youth programs like SITARE-GYTI and EYUVA have empowered hundreds of people, generated 35,000 high-skilled jobs and over 1,400 intellectual property applications, supported by an investment of ₹6,500 crore and follow-on financing of ₹7,000 crore.
From Covaxin vaccines to BARC’s radiation technology for food security, biotechnology is the backbone of national resilience.
Vision 2047: Sustainable Leap Towards Self-Reliance
Prime Minister Narendra Modi’s call rings true: “The coming years till 2047 are crucial to realizing our vision of building a strong, self-reliant nation.” Looking to the future, the strategies promote Startup India Investor Connect for funding, empower women through mentorship, and harness Startup20 for global reconciliation—aiming at $300 billion by 2030—through bio-AI hubs and ethical sourcing. As India “leads in sustainable innovation,” bio-manufacturing is not just growth—it is green destiny.
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