India’s Bioeconomy to touch $300 billion by 2030: Dr Jitendra

Union Minister Dr Jitendra Singh in a media interaction at the National Media Centre, New Delhi on Wednesday. Also seen are Principal Scientific Advisor Prof Ajay Sood and Union Secretary Biotechnology Dr Rajesh Gokhale.
Union Minister Dr Jitendra Singh in a media interaction at the National Media Centre, New Delhi on Wednesday. Also seen are Principal Scientific Advisor Prof Ajay Sood and Union Secretary Biotechnology Dr Rajesh Gokhale.

Excelsior Correspondent

NEW DELHI, Aug 27 : Marking one year of the BioE3 (Biotechnology for Economy, Environment and Employment) Policy, Union Minister of Science and Technology Dr. Jitendra Singh today launched the BioE3 Challenge for Youth and the country’s first National Biofoundry Network, calling it a step towards making biotechnology a driver of India’s economy, environment and employment.
“India’s bioeconomy has grown from just $10 billion in 2014 to $165.7 billion in 2024, and we are now working towards a target of $300 billion by 2030,” said the Minister. He said that India’s biotechnology sector has made rapid strides over the past year under the BioE3 Policy, achieving several key landmarks that are shaping the country’s bioeconomy.
Speaking at an event marking One Year of BioE3: From Policy to Action, Dr. Jitendra Singh noted that the Department of Biotechnology (DBT), along with its stakeholders, has set up new institutions, launched joint research initiatives, and forged national and international partnerships in a short span of time.
Among the notable achievements, the Minister highlighted the inauguration of India’s first Biomanufacturing Institute at Mohali, the establishment of Bio-Artificial Intelligence hubs, biomanufacturing hubs and biofoundries across the country, and the launch of more than a dozen joint research calls covering advanced areas such as cell and gene therapy, climate-smart agriculture, carbon capture, and functional foods. DBT has already received over 2,000 proposals under these categories.
Dr. Jitendra Singh also pointed to a memorandum of understanding signed between DBT and the Indian Space Research Organisation (ISRO) for cooperation in space biotechnology and biomanufacturing, as well as a joint working group to identify priority projects. Earlier this year, three DBT-backed experiments were carried out on the International Space Station by Gaganyatri Group Captain Subhanshu Shukla.
As part of the event, Dr. Jitendra Singh also launched the BioE3 Challenge for Youth-a nationwide call to young innovators under the theme “Design Microbes, Molecules & More”. The initiative, explained by DBT Secretary Dr. Rajesh Gokhale, invites school students (Classes 6-12), university students, researchers, faculty, startups and Indian nationals to design safe-by-default biological solutions addressing challenges in health, agriculture, environment, and industry. The challenge will be announced on the first of every month beginning October 2025, with the top 10 winning solutions each receiving a cash award of Rs1 lakh along with recognition and mentoring support. In addition, 100 selected awardees will be eligible for funding of up to Rs 25 lakh, provided in two tranches through BIRAC, to convert their ideas into proof-of-concept solutions. These projects will also gain access to facilities and incubation support at BRIC+ institutions across India.
The Minister also underscored the launch of the first National Biofoundry Network, involving six institutions to help scale up proof-of-concept developments, enhance indigenous biomanufacturing, and create employment opportunities.
“India’s bioeconomy has grown from just $10 billion in 2014 to $165.7 billion in 2024, and we are now working towards a target of $300 billion by 2030,” Dr. Jitendra Singh said, urging young Indians to actively participate in the BioE3 Challenge for Youth, which invites ideas for safe and sustainable biotechnology innovations.
Prof. Ajay Kumar Sood, Principal Scientific Adviser to the Government of India, said that through the BioE3 policy, India has taken a strategic step towards building a green, clean and prosperous nation by leveraging biotechnology to advance public health, safeguard the environment and address climate change, thereby contributing to the vision of an Atmanirbhar Bharat.
The event also featured addresses by Dr. Alka Sharma, Senior Adviser, DBT; Dr. Jitendra Kumar, Managing Director, BIRAC who shared insights on the future course of the BioE3 policy.