Indian PM Modi launches Biotech Startup Expo 2022
Indian Prime Minister Narendra Modi inaugurated the Biotech Startup Expo - 2022 at Pragati Maidan, New Delhi.
Ministers Jitendra Singh, Piyush Goyal and Dharmendra Pradhan were also present at the event.
According to the Prime Minister's Office, the Biotech Startup Expo - 2022 is a two-day event being held on June 9 and 10.
It is being organised by the Department of Biotechnology and Biotechnology Industry Research Assistance Council (BIRAC).
The theme of the Expo is 'Biotech Startup Innovations: Towards AatmaNirbhar Bharat'.
Highlighting the potential of bio start-ups and bio-professionals in India, Prime Minister Narendra Modi on June 9 said India's diverse population and climatic zones are among the top factors behind the growth of the country's biotech industry.
"In the last eight years, the number of start-ups in our country has increased from a few hundred to 70,000 in about 60 different industries. More than 5,000 start-ups are associated with the biotech sector India's bio-economy has grown eight times in the last eight years. We have grown from USD 10 billion to USD 80 billion," PM Modi said.
He said India is only a few steps away from becoming one of the top 10 countries in the global ecosystem of biotech.
"India is not very far from reaching the league of top-10 countries in the global ecosystem of biotech. The trust in the skill and innovation of our IT professionals in the world is at new heights. This trust and reputation can also be seen in this decade for the biotech sector and bio professionals of India," PM Modi said.
The Expo will act as a platform to connect entrepreneurs, investors, industry leaders, scientists, researchers, bio-incubators, manufacturers, regulators, government officials, etc, said the PMO.
About 300 stalls are set up at the Expo, that showcases the applications of biotechnology in various fields such as healthcare, genomics, biopharma, agriculture, industrial biotechnology, waste-to-value, and clean energy, among others.