India Targets One Trillion Bio Economy By 2047

30 Apr 2026 CW Team

He outlined policy initiatives, including the BioE3 Policy approved in 2024, and said the sector has expanded rapidly, rising from $10 billion (bn) in 2014 to over $165 billion (bn) today and growing at nearly 18 per cent annually, with a target of $300 billion (bn) by 2030. The minister noted that the number of biotech startups has increased from around fifty to more than 11,000, reflecting an expanding innovation ecosystem and stronger institutional support.

He highlighted research advances such as Genome India, indigenous CAR T therapy and mRNA vaccine platforms, along with India’s first indigenously developed antibiotic and a National Biobank. He noted collaborative space biotechnology work with ISRO and the expansion of nuclear medicine and deep ocean exploration through missions including Samudrayaan. He also pointed to financing measures such as the Anusandhan National Research Foundation with a Rs 500 bn corpus and the Rs one tn Research, Development and Innovation Fund for long-term, low-cost support to deep tech.

He said the National Quantum Mission had met key milestones ahead of schedule and noted the Global Innovation Index rank rose from 81 to 39 alongside a doubling of research and development expenditure over the past decade. He outlined a roadmap with milestones for 2030, 2035, 2040 and 2047 covering scaling of bio manufacturing, operationalisation of the Bharatiya Antariksha Station and advancement of marine biotechnology and carbon-neutral technologies. He urged students, researchers and institutions to lead innovation and research to shape Viksit Bharat 2047 and to help India join the top three global bio economies.

Union Minister of State Dr Jitendra Singh said the 21st century will belong to Bharat and will be driven by a biology-led economy, with the country aiming for a bio economy of one trillion (tn) dollars by 2047. He delivered the keynote address virtually at the International Conference Vision 2047, organised by IIT Roorkee and Swadeshi Shodh Sansthan, which brought together more than 100 institutions from India and abroad. He outlined policy initiatives, including the BioE3 Policy approved in 2024, and said the sector has expanded rapidly, rising from $10 billion (bn) in 2014 to over $165 billion (bn) today and growing at nearly 18 per cent annually, with a target of $300 billion (bn) by 2030. The minister noted that the number of biotech startups has increased from around fifty to more than 11,000, reflecting an expanding innovation ecosystem and stronger institutional support. He highlighted research advances such as Genome India, indigenous CAR T therapy and mRNA vaccine platforms, along with India’s first indigenously developed antibiotic and a National Biobank. He noted collaborative space biotechnology work with ISRO and the expansion of nuclear medicine and deep ocean exploration through missions including Samudrayaan. He also pointed to financing measures such as the Anusandhan National Research Foundation with a Rs 500 bn corpus and the Rs one tn Research, Development and Innovation Fund for long-term, low-cost support to deep tech. He said the National Quantum Mission had met key milestones ahead of schedule and noted the Global Innovation Index rank rose from 81 to 39 alongside a doubling of research and development expenditure over the past decade. He outlined a roadmap with milestones for 2030, 2035, 2040 and 2047 covering scaling of bio manufacturing, operationalisation of the Bharatiya Antariksha Station and advancement of marine biotechnology and carbon-neutral technologies. He urged students, researchers and institutions to lead innovation and research to shape Viksit Bharat 2047 and to help India join the top three global bio economies.

Infrastructure Transport

15 May 2026

MMRDA Removes 1.14 lakh m of Metro Barricades

In a bid to ease congestion and improve urban mobility during monsoon, MMRDA has undertaken one of the largest coordinated barricade removal and monsoon preparedness drives across its ongoing metro and infrastructure projects.With substantial progress achieved in viaduct and structural works across multiple metro corridors, barricades from completed stretches beneath metro viaducts are being systematically removed, restoring maximum possible road space before the monsoon. Wider carriageways across key arterial roads are expected to improve traffic flow, reduce congestion, support better rainwa..

Infrastructure Transport

15 May 2026

Pune Division to Remove All Diamond Crossings by Year-End

The Pune railway division has announced plans to remove all 16 diamond crossings by the end of 2026 as part of a major yard remodelling project following the derailment of a Vande Bharat Express at Pune Junction on April 27. Railway authorities said the replacements aim to improve safety and streamline train operations across the busy station. The decision followed a Central Railway finding that the accident involved a non-standard diamond crossing and highlighted the need for replacement. Regular maintenance of existing crossings will continue until the replacement work is completed. Official..

Infrastructure Urban

15 May 2026

Goa Declares 80 Million Square Metres No Development Zone

The Goa state government has declared 80 million square metres (mn) of land a no development zone, designating the area as protected from new construction. The notification reclassifies tracts across the state under a no development category for planning and regulatory purposes. The declaration signals a formal halt to new building permits within the defined zone. Authorities indicated that maps will be issued to show broad boundaries while detailed surveys will refine precise limits. The move transfers responsibility for enforcement to local planning authorities and relevant departments, whic..