Business Standard

Friday, December 27, 2024 | 08:06 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Innovations can help India's biotech economy hit $100 bn by 2025: Kant

"India's biotechnology economy can approach $100 billion in 2025 if the right policies are put in place, giving industry the required stimulation," he said

NITI, niti, niti aayog, Amitabh Kant
Premium

CEO of NITI Aayog Amitabh Kant

Press Trust of India New Delhi
The Indian biotechnology space has potential to grow to $100 billion in size by 2025 on the back of innovations in bio-manufacturing technologies, Niti Aayog CEO Amitabh Kant said on Friday.

Addressing a webinar titled 'Global Perspective on India's Biotech Potential: Manufacturing Hub & Foreign Investment', Kant said India is working to boost the biotechnology sector under the flagship programmes like 'Make in India' and 'Startup India'.

"India's biotechnology economy can approach $100 billion in 2025 if the right policies are put in place, giving industry the required stimulation," he said.

Kant said India has established biotechnology parks and incubators

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in