Dr. Singh stated that India is progressing decisively across the entire spectrum of science and innovation, describing the nation’s capabilities as extending “from gene to qubit, from ocean depths to outer space.” He underlined that the country’s development trajectory is rooted in a civilisational ethos that balances economic growth with ethical values.
Highlighting key policy initiatives, the Minister referred to the BioE3 Policy—Biotechnology for Economy, Environment and Employment—approved in 2024. He noted that the policy serves as a cornerstone for strengthening the biotechnology sector while simultaneously addressing environmental sustainability and employment generation.
Providing data on sectoral growth, Dr. Singh said India’s bio-economy has witnessed a remarkable expansion from 10 billion dollars in 2014 to over 165 billion dollars at present. He further outlined the government’s target of achieving a 300 billion dollar bio-economy by 2030, positioning the sector as a critical driver of national growth in the coming decades.
The Minister’s remarks underscore the government’s broader vision of leveraging biotechnology and advanced science as pillars of economic transformation, while maintaining a strong ethical framework. The projection of a one trillion dollar bio-economy by 2047 aligns with India’s long-term development goals and reflects the increasing global significance of its scientific and technological ecosystem
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