I am delighted to share the highlights of the India BioEconomy Report (IBER) 2025, prepared by ABLE for BIRAC, that was released by the Union Minister for S&T and PMO, Dr Jitendra Singh, in New Delhi on 21st March 2025. A key feature this time was the simultaneous release of the English and Hindi versions of IBER 2025.

The BioEconomy has grown by 9.8 % over 2023 to $ 165.7 billion and the number of startups in the country has crossed a major milestone to reach 10,075 in 2024. BioEconomy contributed 4.25 percent to the national GDP in 2024. This is on par with the contribution of this sector in major economies like the US (5%) and China (4%). This means our national BioEconomy is on a similar growth path that exists in major global economies. The BioIndustrial segment continued its dominance contributing 47.2% with BioPharma (35.2%) standing second. The analysis of state-level contributions reveals a distributed landscape. Maharashtra stands out as the leading state, followed by Karnataka and Telangana. The study also shows that states exhibit specialized strengths across segments. The details are available in the 122-page report.

This newsletter also covers full details of the successful BioEconomy Conclave 2025 conducted in February 2025 by ABLE. The event was well attended with participation from all segments of the industry from around the country. ABLE Governing Body members steered all the key panel discussions and the event provided many valuable suggestions on the event theme, “Focusing on Emerging Technologies in Shaping the World.”

All the important recommendations from the Conclave have been captured in detail in this newsletter. Many of these suggestions have been mentioned in the IBER 2025 report, to bring to the attention of policy makers.

We at ABLE look forward to your continued support to all our activities and welcome you all to participate wholeheartedly in the India Pavilion being set up by ABLE at the world’s largest biotechnology event, BIO Boston 2025 from June 16-19, which is supported by BIRAC.

Happy reading!