India's biotech sector surpasses $130 billion; shot in the arm with new BioE3 Policy
India's biotechnology sector has seen remarkable growth, expanding 13-fold over the past decade, from $10 billion in 2014 to more than $130 billion in 2024.
By 2030, the sector is projected to reach $300 billion. To speed things up, the government has introduced the BioE3 Policy (Biotechnology for Economy, Environment, and Employment), which aims to revolutionize biotechnology-based manufacturing in the country.
This initiative is anticipated to drive a technological transformation comparable to the IT boom of the 1990s, when India established itself as a global IT powerhouse.
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