Union Minister of State for Science and Technology, Dr Jitendra Singh, highlighted today 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.
The minister 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 (DBT) 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.
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