Union minister Jitendra Singh on Wednesday said the country's biotechnology sector has experienced extraordinary growth, skyrocketing from a USD 10 billion industry in 2014 to over USD 130 billion in 2024, with projections to reach USD 300 billion by 2030.
Union Minister Dr. Jitendra Singh said this while speaking at the curtain-raiser ceremony of the ‘4th edition of Global Bio India 2024’.
India is emerging as the world's major bio-economy with fast-growing biotech start-ups which is likely to touch USD 300 billion by 2030, reported Asian Lite International.
At an “International Conference on Emerging Trends in Biosciences and Chemical Technology- 2022” in Jammu, the Union Minister said biotech startups have grown 100 times in the last eight years, from 52-odd startups in 2014 to 5,300 plus in 2022.
