India approves Rs.9,197 crore Bio-RIDE scheme
ECONOMY & POLICY

India approves Rs.9,197 crore Bio-RIDE scheme

The Union Cabinet, led by Prime Minister Narendra Modi, approved a  Rs.9,197 crore budget for the Biotechnology Research Innovation and Entrepreneurship Development (Bio-RIDE) scheme.

Merging two existing programs under the Department of Biotechnology, Bio-RIDE aims to accelerate biotech innovation by focusing on research and industrial development.

The initiative includes funding for startups, fostering collaboration between academic and industrial sectors, and promoting sustainable biomanufacturing.

It aligns with India's goal of achieving a $300 billion bioeconomy by 2030, supporting advancements in biopharma, bioenergy, and bioplastics.

The Union Cabinet, led by Prime Minister Narendra Modi, approved a  Rs.9,197 crore budget for the Biotechnology Research Innovation and Entrepreneurship Development (Bio-RIDE) scheme. Merging two existing programs under the Department of Biotechnology, Bio-RIDE aims to accelerate biotech innovation by focusing on research and industrial development. The initiative includes funding for startups, fostering collaboration between academic and industrial sectors, and promoting sustainable biomanufacturing. It aligns with India's goal of achieving a $300 billion bioeconomy by 2030, supporting advancements in biopharma, bioenergy, and bioplastics.

Next Story
Resources

Anant Raj Appoints Anish Sarin as Director

Anant Raj has appointed Anish Sarin as Director on its Board, marking a key step in the company’s leadership transition and long-term growth strategy. The announcement was made during the company’s Q4 and FY26 results declaration, reflecting the induction of next-generation leadership as the company expands across real estate, cloud infrastructure and data centre businesses. Anish Sarin, grandson of veteran industrialist Ashok Sarin, represents the emerging leadership at Anant Raj. Educated at Regent’s University London, he brings a global business outlook along with a strong focus on t..

Next Story
Technology

Vedanta eyes AI-led value growth

Vedanta Group expects to unlock USD 300–400 million in additional value over the next three years through large-scale deployment of AI-led industrial technologies across its businesses. The group said its V-Spark DeepTech Ventures platform has already delivered nearly four times return on investment since inception.Vedanta is scaling AI, predictive analytics, Industrial Internet of Things, digital twins, machine learning, automation and connected manufacturing technologies across its metals, mining, energy and industrial operations. These deployments are aimed at improving productivity, lowe..

Next Story
Infrastructure Urban

Hindustan Zinc inks pact with Group Nirmal

Hindustan Zinc has signed an MoU with Group Nirmal to set up a zinc wire manufacturing facility at its Zinc Industrial Park in Khankhala, Bhilwara district, Rajasthan. The partnership will expand downstream manufacturing activity and support value-added zinc applications in India.Under the agreement, Group Nirmal will manufacture zinc wire products using Hindustan Zinc’s Special High Grade zinc. The products will cater to infrastructure, renewable energy, automotive and industrial engineering sectors.Zinc wire is used in thermal spray coating and metallising processes to protect steel struct..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement