Second edition of “Global Bio-India”-2021

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What is the News?

The 2nd edition of Global Bio-India is being organised on a digital platform.

About Global Bio India 2021:

  • Organized by: It is organised by the Department of Biotechnology, Ministry of Science & Technology along with BIRAC in partnership with the Confederation of Indian Industry(CII), Association of Biotechnology Led Enterprises(ABLE) and Invest India.
  • Purpose: To showcase the strength and opportunities of India’s biotechnology sector at national and global level.
  • Inaugural Edition: The first edition of Global Bio-India was held in 2019.
  • Theme for 2021: The theme is “Transforming lives” and the tagline is Biosciences to Bioeconomy”.

India’s Biotechnology Sector:

  • Biotechnology is an industry that focuses on novel drug development and clinical research aimed at treating diseases and medical conditions.
  • India is among the first countries to set up a department of biotechnology under the Ministry of Science and Technology in 1986.
  • India is among the top 12 destinations for biotechnology in the world. It accounts for approximately 3% share in the global Biotechnology industry.
  • Valu of the Indian Biotechnology industry was at $62 bn in 2019. It will reach a $150 bn target by 2025.

About Biotechnology Industry Research Assistance Council(BIRAC)

  • It is a not-for-profit Public Sector Enterprise set up by the Department of Biotechnology(DBT).
  • It is an industry-academia interface. Likewise, it aims to strengthen and empower the emerging Biotech enterprise to undertake strategic research and innovation, addressing nationally relevant product development needs.

Source: PIB

[Answered] Examine how Biotechnology sector can emerge as engine of economic growth and societal change?

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