During a visit to<\/span> the Institute of Bio-resources and Sustainable Development (IBSD), <\/span>the Union Minister for Science & Technology has said that the northeast is to be developed as the country\u2019s bio-economic hub.<\/span><\/p>\n Note:<\/b> Eastern Himalayan Region is one of the mega-biodiversity rich zones and is among the 34 biodiversity Hotspots of the world.<\/span><\/p>\n Bio-Economy is the production, utilization and conservation of biological resources to provide information, products, processes and services across all economic sectors. These resources include biological related knowledge, science, technology and innovation.<\/span><\/p>\n India\u2019s Bio-Economy, in 2020, is valued at $70.2 billion. This is a 12.32 percent growth over 2019. The Bio-Economy in 2019 was valued at $62.5 Billion in 2019.<\/span><\/p>\n The Bio-Economy\u2019s contribution to the national GDP in 2020 is at 2.7% of the GDP in 2020\u00a0<\/span><\/p>\n It is estimated that India\u2019s bio-economy is on its way to achieve a 150-billion dollar target from the current 70 billion dollars by 2025.<\/span><\/p>\n Biotech-KISAN is a scientist-farmer partnership scheme launched in 2017 by the Department of Biotechnology<\/strong>(DBT).<\/span><\/p>\n Aim: <\/b>To connect science laboratories with the farmers to find out innovative solutions and technologies to be applied at the farm level.\u00a0<\/span><\/p>\n Under this scheme,<\/b> so far 146 Biotech-KISAN Hubs have been established covering all 15 agroclimatic zones and 110 Aspirational Districts in the country.<\/span><\/p>\n IBSD is an autonomous institute under the Department of Biotechnology<\/strong> (DBT).<\/span><\/p>\n It was set up in 2001 at Imphal, Manipur with an objective to develop and utilize rich bioresources of the North-East Region of the country through the application of modern tools of biology and biotechnology.\u00a0<\/span><\/p>\n Source:<\/b> This post is based on the article <\/span>\u201c<\/b>Union Minister says North East to be developed as India\u2019s Bio-Economic Hub<\/b>\u201d<\/b> published in<\/span> PIB <\/b>on <\/span>19th October 2021.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":" What is the News? During a visit to the Institute of Bio-resources and Sustainable Development (IBSD), the Union Minister for Science & Technology has said that the northeast is to be developed as the country\u2019s bio-economic hub. Note: Eastern Himalayan Region is one of the mega-biodiversity rich zones and is among the 34 biodiversity Hotspots… Continue reading Union Minister says North East to be developed as India\u2019s Bio-Economic Hub<\/span><\/a><\/p>\n","protected":false},"author":10317,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,4182,9],"tags":[],"class_list":["post-142017","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-environment","category-public","entry"],"jetpack_featured_media_url":"","views":{"total":2,"cached_at":"","cached_date":1701772919},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/142017","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10317"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=142017"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/142017\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=142017"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=142017"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=142017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}What is the Bio-Economy?<\/b><\/h5>\n
Bio-Economy and India<\/b><\/h5>\n
What are the government initiatives to boost Bio-Economy?<\/strong><\/h5>\n
Biotech KISAN<\/b><\/h6>\n
About Institute of Bioresources and Sustainable Development(IBSD)<\/b><\/h6>\n