The minister said that investments in the homegrown bioeconomy sector have surged to INR 4,200 Cr in 2022 from INR 10 Cr in 2014
Indian biotech startups have created more than 25,000 high skilled jobs so far
2021 alone saw the emergence of 1,128 biotech startups in the country, the MOS said
Addressing a conference on emerging trends in biosciences and chemical technology in Jammu on Saturday, Minister of State (MoS) for Science and Technology Jitendra Singh said that the country’s bioeconomy has grown 8X in the last eight years, and the number of biotech startups in the country stood at more than 5,300 in 2022, up 100X from a mere 52 in 2014.
He added that 2021 alone saw the emergence of 1,128 biotech startups in the country. The MoS said that the number of biotech incubators in the country also increased from 6 in 2014 to 75 in 2022.