Why in the News? India’s bio-economy achieved its target of $150 billion two years ahead of schedule (in 2023).
By the end of 2024, the value of the Indian bio-economy reached $165.7 billion.
A network of 94 bio-incubators has been established across 25 states/Union Territories of India.
Objective: To transform India into a global bio-manufacturing hub.
Six thematic areas of national importance have been identified for implementation—
Bio-based chemicals, biopolymers, Active Pharmaceutical Ingredients (APIs), and enzymes.
Smart proteins and functional foods.
Precision bio-therapeutics.
Climate-resilient agriculture.
Carbon capture and utilization.
Marine and space research.
Goal: To establish state-of-the-art shared facilities—termed ‘Mulankur Bio-enablers’ (including Bio-Artificial Intelligence hubs, Bio-foundries, and Bio-manufacturing hubs)—across the country under the PPP model.
