New Delhi
The Prime Minister, Shri Narendra Modi inaugurated the Biotech Startup Expo – 2022 at Pragati Maidan, here. He also launched Biotech products e portal. Union Ministers Shri Piyush Goyal, Shri Dharmendra Pradhan, Dr Jitendra Singh, stakeholder of biotech sectors, experts, SMEs, investors were among those present on the occasion.
Speaking on the occasion, the Prime Minister said that India’s bio-economy has grown 8 times in the last 8 years. We have grown from $10 billion to $80 billion. India is not too far from reaching the league of top-10 countries in Biotech’s global ecosystem , he said. The Prime Minister also noted the contribution of Biotechnology Industry Research Assistance Council (BIRAC) in the development of the sector in the country. The Prime Minister said that today, when the country is taking new pledges during the Amrit Kaal, role of biotech industry is very significant in the development of the country.
Talking about the growing reputation of Indian professionals on the global stage, the Prime Minister said trust in the skill and innovation of our IT professionals in the world is at new heights. This same trust and reputation, this decade, we are seeing happening for the Biotech sector of India and for the Bio Professionals of India.
There are, the Prime Minister said, five big reasons why India is being considered a land of opportunities in the field of biotech. First- diverse population and diverse climatic zones, Second- India’s talented human capital pool, Third- increasing efforts for ease of doing business in India. Fourth- The demand for Bio-Products is increasing continuously in India and fifth- India’s Biotech Sector and its track record of success.
The Prime Minister said that that the government has worked tirelessly for the improving the potential and power of Indian economy. He emphasized that the there is stress on ‘whole of the government approach’. Mantra of Sabka Saath-Sabka Vikas is applicable on the different sectors of India also, he said. This has resulted in reversal of the scene when few selected sectors were focused upon and other were left to fend for themselves.
