NewzVille Desk
Completing one year of the BioE3 (Biotechnology for Economy, Environment and Employment)Policy, Union Minister of Science and Technology Dr. Jitendra Singh today launched the BioE3 Challenge for Youth and the country’s first National Biofoundry Network at New Delhi.
Prof. Ajay Kumar Sood, Principal Scientific Adviser to the Government of India, Dr. Rajesh Gokhale, DBT Secretary, Dr. Alka Sharma, Senior Adviser, DBT; Dr. Jitendra Kumar, Managing Director, BIRAC were also present on the occasion.
Addressing the gathering Minister Singh said, “India’s bioeconomy has grown from just $10 billion in 2014 to $165.7 billion in 2024, and we are now working towards a target of $300 billion by 2030.”
He said that India’s biotechnology sector has made rapid strides over the past year under the BioE3 Policy, achieving several key landmarks that are shaping the country’s bioeconomy.
As part of the event, Dr. Jitendra Singh launched the BioE3 Challenge for Youth—a nationwide call to young innovators under the theme “Design Microbes, Molecules & More”.
The Minister also launched the first National Biofoundry Network, involving six institutions to help scale up proof-of-concept developments, enhance indigenous biomanufacturing, and create employment opportunities.
