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India’s Bioeconomy recorded 12 times increase in last 10 years

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Union Minister of State (Independent Charge) Science & Technology; MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh said on 29 November in Delhi that India’s Bioeconomy recorded 12 times increase in last 10 years.

Speaking after inaugurating the ‘National Plant Computational Biology & Bioinformatics Facility’ at National Institute of Plant Genome research (NIPGR) on the Silver Jubilee celebrations of the Institute, the Minister said, India’s bioeconomy stood at just about $10 Billion, today it is $120 Billion. In just about ten years, it has gone up by 12 times and we look forward to having plus $300 Billion by 2030, he said.

This has been possible because of a favourable milieu provided at the policy planning level under the leadership of Prime Minister Shri Narendra Modi, he added.
Dr Jitendra Singh also announced the release of ‘ADVIKA’, a new superior drought tolerant, climate smart chickpea variety, which is notified in the Gazette and available for widespread production. The Minister was happy to note that India produces 74% of the global chickpea output and it can be a good source of foreign exchange earnings.