Science and Technology Minister Dr Jitendra Singh has said that India is set to achieve 150 billion dollars Bio-Economy by 2025. He was speaking, after the signing of the ‘Implementation Arrangement’ between the Department of Biotechnology and the United States-National Science Foundation in New Delhi today. Dr Singh said, India’s ever-growing Bio-Economy graph is going to contribute significantly to India’s Overall Economy.

He said, India has a 3 to 5 percent market share in the global biotechnology industry and it ranks 12th in the world in biotech. The Minister pointed out that the Department of Biotechnology has created and nurtured a strong foundation in biotechnology innovation, research and manufacturing across segments such as bio-pharma, bio-services, agri biotech, industrial biotech, and bioinformatics.