Biotech Startup Expo 2022- Prime Minister Narendra Modi inaugurates the event

Our Hon’ble Prime Minister Narendra Modi inaugurated the Biotech Startup Expo 2022 in New Delhi.

Pic:- Inauguration ceremony Biotech Startup Expo 2022

Our Prime Minister knows the importance of Biotechnology and the services delivered by the field.

He said “India is not too far from reaching the league of top 10 countries in the biotech ecosystem. Inaugurating the Biotech Startup Expo – 2022, Modi said India’s bio-economy has grown eight times in the last many years from $10 billion to $80 billion”.

He further added “Trust in the skill and innovation of our IT professionals in the world is at new heights. This same trust and reputation, this decade, we are seeing happening for the Biotech sector of India and for the Bio Professionals of India,”

  • About:
    • The Biotech Startup Expo 2022 will provide a common platform to connect investors, entrepreneurs, scientists, researchers, industry leaders, manufacturers, bio-incubators, regulators and government officials.
    • The expo is being organised by the Department of  Biotechnology and BIRAC to mark the completion of ten years of BIRAC.
    • It will showcase applications of biotechnology in various fields including healthcare, agriculture, genomics, clean energy, bio pharma, industrial biotechnology and waste-to-value.

“In the last eight years, the number of startups in our country has increased from a few hundred to 70,000. These startups are made in about 60 different industries. In this also, more than 5,000 startups are associated with biotech. Every 14th startup in the bio technology sector and more than 1,100 such biotech startups emerged in the last year itself,” the PM informed. Further, talking about the shift of talent towards the sector, the PM said the number of investors in biotech sector has risen by nine times and biotech incubators and funding for them has increased by seven times. Number of biotech incubators have increased from six in 2014 to 75 now. Biotech products have increased form 10 products to more than 700 today,” he stated.

The PM said in order to transcend government-centric approach, the government is encouraging a culture of providing new enabling interfaces. Platforms like BIRAC are being strengthened and many other sectors are seeing this approach.

The PM emphasised, “Biotech sector is one of the most demand-driven sectors. The campaigns for ease of living in India over the years have opened up new possibilities for the biotech sector.”

Inputs from media Sources



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