Bio-economy
Daily Highlights (2 min series) - English
7th March 2025
The government of India recently highlighted India’s 10-fold Bioeconomy growth in the last decade while addressing PBBCON-2025 Conference in Jammu.
- About Bio-economy: An economic system that uses renewable biological resources to create products, services, and energy. It aims to reduce reliance on fossil fuels and GHGs emissions.
- About India’s Bio-economy: Grew by 13% (2014 - 2024).
o J&K as a hub for Agri-Biotech Innovation: Aroma Mission & Floriculture Revolution boosting local farmers' income.
- Key achievements in 2024: World’s first HPV vaccine → Breakthrough antibiotic ‘Nafithromycin’ → Pioneering gene therapy experiment for Hemophilia.
- Mission Suraksha: Development of indigenous DNA-based vaccines during COVID-19.
o India’s global biotech rankings: 3rd in Asia-Pacific and 12th globally in bio-manufacturing.
- New BioE3 Policy: Focuses on bio-manufacturing and bio-foundries for biotech sector growth.
- Global Innovation Index rank: From 80th (2014) to 39th (2024).
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