The India BioEconomy Report 2025 was officially launched by Dr. Jitendra Singh, Hon'ble Minister for Science & Technology & PMO, Government of India during the 13th BIRAC Foundation Day Ceremony at the National Media Centre in New Delhi. The report highlights India's remarkable progress in biotechnology, with the BioEconomy reaching $165.7 billion in 2024, marking a 16-fold increase over the past decade. This rapid growth underscores the government's focus on fostering biotechnology as a pillar of economic expansion?.

Dr. Jitendra Singh emphasized that India's bioeconomy is on track to reach $300 billion by 2030, driven by the Bio-E3 Policy (Biotechnology for Economy, Employment, and Environment). This policy aims to position India as a global leader in biotech innovation and biomanufacturing?.

Mr. G S Krishnan, Hon. President, ABLE, provided valuable insights into the progress across key biotech sectors BioPharma, BioIndustrial, BioAgri, and BioServices, while highlighting the vast potential of India’s BioEconomy. He highlighted that the number of biotech startups has reached 10,075 in 2024.

The report also recognizes the key contributions of all the sectors with India being the world's largest vaccine producer and home to 60% of global vaccine manufacturing?. Key recommendations in the report focus on scaling up investments, strengthening private sector participation, and expanding India's biotech capabilities through strategic policy interventions. This initiative reaffirms India's commitment to integrating biotechnology into national development and fostering an innovation-driven bioeconomy?.

Watch the recording here: https://www.youtube.com/live/x0_02yTkvxs

 

IBER 2025 Press Coverage

• https://pib.gov.in/PressReleaseIframePage.aspx?PRID=21137
• https://www.thehansindia.com/business/indias-bioeconomy-sees-16-fold-rise-to-reach-1657-billion-in-10-years-minister-955988
• https://www.dailyexcelsior.com/dr-jitendra-releases-india-bioeconomy-report-16-fold-growth-in-10-years/
• https://www.theweek.in/news/biz-tech/2025/03/21/india-s-bio-economy-expanded-16-fold-in-ten-years-dr-jitendra-singh.html
• https://www.siliconindia.com/news/general/indias-bioeconomy-has-witnessed-a-remarkable-16fold-rise-in-10-years-of-the-past-one-decade-nid-235044-cid-1.html
• https://www.newsonair.gov.in/indias-bioeconomy-hits-165b-dr-jitendra-singh-launches-bio-sarthi-bioeconomy-report/
• https://www.business-standard.com/markets/capital-market-news/india-s-bio-economy-witnessed-16-fold-rise-in-last-ten-years-125032101004_1.html
• https://theprint.in/india/jitendra-singh-calls-for-bigger-private-investments-in-bio-economy/2559616/
• https://www.etvbharat.com/en/!business/india-bio-economy-growth-targets-enn25032107174
• https://apacnewsnetwork.com/2025/03/indias-bio-economy-soars-to-165-7-billion-in-a-decade-union-minister-dr-jitendra-singh
• https://indusbusinessjournal.com/2025/03/indias-bioeconomy-sees-16-fold-rise-to-reach-165-7-billion-in-10-years-minister/
• https://www.devdiscourse.com/article/science-environment/3288210-indias-bioeconomy-soars-agri-biotech-in-jk-holds-untapped-potential-says-dr-jitendra-singh
• https://biovoicenews.com/birac-turns-13-dr-jitendra-singh-releases-india-bioeconomy-report-2025/
• https://www.deccanherald.com/india/indias-bio-economy-may-touch-300-billion-by-2030-says-report-3458593
• https://www.fiinews.com/2025/03/22/manufacturing-bio-economy-grew-to-165-7bn/
• https://www.universitycube.net/news/indias-bioeconomy-soars-165-billion-innovation-bio-e3-policy-03-21-2025--f8274b7a-17f6-4759-89e8-5ee280bc1131
• https://www.thehansindia.com/business/indias-bioeconomy-sees-16-fold-rise-to-reach-1657-billion-in-10-years-minister-955988
• https://www.digitalhealthnews.com/india-s-bioeconomy-surges-to-165-7-billion-driven-by-innovation-policy-support
• https://www.sarkaritel.com/indias-bioeconomy-sees-16-fold-rise-to-reach-165-7-billion-in-10-years-minister/
• https://www.sakshipost.com/news/indias-bioeconomy-sees-16-fold-rise-reach-1657-billion-10-years-minister-389409
• https://www.lokmattimes.com/technology/indias-bioeconomy-sees-16-fold-rise-to-reach-1657-billion-in-10-years-minister-2/
• https://www.newkerala.com/news/o/indias-bioeconomy-sees-16-fold-rise-reach-1657-billion-10-565
• https://in.investing.com/news/economy-news/indias-bioeconomy-sees-16fold-rise-to-reach-1657-billion-in-10-years-minister-4734922
• https://investmentguruindia.com/newsdetail/india-s-bioeconomy-sees-16-fold-rise-to-reach-165-7-billion-in-10-years-minister588670

India BioEconomy soars to $165.7 billion in 2024, Startups touch 10,075