Business Standard

Bioenergy Mission

India's bioeconomy at $150 billion, innovation crucial for growth: BIRAC MD

India's biotechnology sector is witnessing remarkable growth, with the country's bioeconomy now valued at USD 150 billion but there is still significant untapped potential in innovation and product development, which could further elevate India's global standing in the sector, Dr Jitendra Kumar, Managing Director of the government's Biotechnology Industry Research Assistance Council (BIRAC), said. BIRAC is a not-for-profit public sector enterprise set up by the Department of Biotechnology (DBT) under the government that supports and promotes innovation, entrepreneurship, and research in the sector. In an interview with PTI, Kumar highlighted India's significant contributions to global healthcare, with 40 per cent of the world's generic medicines being supplied by Indian companies. "We have enormous potential and capability, but when it comes to the value of our bioeconomy, we are ranked 14th globally. This is because much of the value stems from patented, innovative products' -- an

India's bioeconomy at $150 billion, innovation crucial for growth: BIRAC MD
Updated On : 20 Oct 2024 | 12:33 PM IST

PM Suryodaya Yojana will help in self-sufficiency in country's energy needs

Adani Solar took up to build the world's first fully integrated 10 GW solar manufacturing ecosystem in Mundra SEZ in Gujarat by 2027

PM Suryodaya Yojana will help in self-sufficiency in country's energy needs
Updated On : 06 Feb 2024 | 8:05 PM IST

Brazil keen on working with India on flexible fuel vehicles, says envoy

Both countries are also working on an alliance in biofuels and bio energy

Brazil keen on working with India on flexible fuel vehicles, says envoy
Updated On : 21 Sep 2022 | 11:49 PM IST

Govt mulls Rs 10,000-cr bioenergy mission from FY18

Objective of the mission would be to reduce greenhouse gases emissions as agreed at COP21

Image
Updated On : 15 Jun 2016 | 1:03 AM IST