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India’s Bioeconomy: Pioneering Growth Through Innovation and Sustainability | Current Affairs | Vision IAS
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India’s Bioeconomy: Pioneering Growth Through Innovation and Sustainability

Posted 28 Nov 2024

16 min read

Introduction

The world is at the cusp of a new industrial revolution driven by bio-innovation. Among emerging economies, India’s Bioeconomy represents a remarkable journey of innovation, growth, and increasing global influence. Over the past decade, India’s Bioeconomy has grown significantly from $10 billion in 2014 to $151 billion by the end of 2023. With the launch of ambitious BioE3 (Biotechnology for Economy, Environment and Employment), India is expected to reach $300 billion by 2030, marking a crucial step in economic transformation and positioning India as a global biotech leader.

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  • Tags :
  • Biomining
  • Bioeconomy
  • BioE3 Policy
  • Biomanufacturing and Biofoundry
  • bioindustry
  • biofuel
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