Bio-economy industry expected to reach USD 300 billion by 2030: Jitendra Singh
New Delhi: The bio-economy industry is projected to reach USD 300 billion by 2030, said Union Minister Jitendra Singh at an event held in the national capital. Singh attributed the increase to the remarkable growth in bio-economy over the past decade-- from $10 billion in 2014 to over $130 billion in 2024.
From just 50 biotech startups in 2014 in India, the ecosystem has grown to nearly 9,000 in the last decade, said Singh.
“With the kind of threat of pollution, the climate challenges, etc., being faced, this government has held sustainability at a very high priority. This is quite contrary to the times till about 10-15 years ago when India was not taken very seriously as far as issues like climate or the green concerns because they thought either India was alien to it or maybe we didn’t understand the seriousness of it,” Singh said.
Disclaimer: This website is primarily for healthcare professionals. The content here does not replace medical advice and should not be used as medical, diagnostic, endorsement, treatment, or prescription advice. Medical science evolves rapidly, and we strive to keep our information current. If you find any discrepancies, please contact us at corrections@medicaldialogues.in. Read our Correction Policy here. Nothing here should be used as a substitute for medical advice, diagnosis, or treatment. We do not endorse any healthcare advice that contradicts a physician's guidance. Use of this site is subject to our Terms of Use, Privacy Policy, and Advertisement Policy. For more details, read our Full Disclaimer here.
NOTE: Join us in combating medical misinformation. If you encounter a questionable health, medical, or medical education claim, email us at factcheck@medicaldialogues.in for evaluation.