Biotechnology Industry Research Assistance Council (BIRAC) has played a crucial role in connecting research with industry and enabling the transition of ideas from laboratories into market-ready solutions, he added.
Union Minister Dr Jitendra Singh (Photo: ANI)
India is steadily moving towards its target of a USD 300 billion bioeconomy by 2030, supported by a strong base of scientists, entrepreneurs, and startups, said Dr. Jitendra Singh, Union Minister of State (Independent Charge) for Science and Technology and Earth Sciences, on Thursday.
Biotechnology Industry Research Assistance Council (BIRAC) has played a crucial role in connecting research with industry and enabling the transition of ideas from laboratories into market-ready solutions, he added.
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Addressing the 14th Foundation Day celebrations of BIRAC at Civil Services Officers’ Institute, Chanakyapuri, New Delhi, Dr. Singh said India’s bioeconomy has expanded from about USD 10 billion in 2014 to over USD 195 billion in 2025, reflecting a massive growth trajectory over the past decade.
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He stated that the sector has recorded an annual growth of around 17–18 per cent in the last year alone, rising from approximately USD 165 billion to USD 195 billion, marking India’s emergence as a major global biotechnology hub.
Dr. Singh highlighted the role of BIRAC as a key enabler of India’s biotechnology innovation ecosystem.
The Union Minister said biotechnology is now central to India’s future growth story, driving advancements in healthcare, agriculture, climate solutions, and sustainable manufacturing.
Highlighting the government’s policy direction, Dr. Singh spoke about the BioE3 Policy, Biotechnology for Economy, Environment and Employment, as a major step towards strengthening bio-based industries and sustainable biomanufacturing.
He stated that the policy will promote innovation in areas such as precision biotherapeutics, smart proteins, climate-resilient agriculture, bio-based chemicals, and carbon capture technologies.
The Union Minister added that BIRAC is facilitating this transformation by building shared infrastructure such as bio foundries, Bio-AI hubs and advanced biomanufacturing platforms.
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