{"id":228696,"date":"2023-02-25T19:59:31","date_gmt":"2023-02-25T14:29:31","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=228696"},"modified":"2023-02-25T19:59:31","modified_gmt":"2023-02-25T14:29:31","slug":"union-minister-says-indias-bioeconomy-is-poised-to-touch-300-billion-usd-us-dollar-by-2030","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/union-minister-says-indias-bioeconomy-is-poised-to-touch-300-billion-usd-us-dollar-by-2030\/","title":{"rendered":"Union Minister says, India’s bioeconomy is poised to touch 300 billion USD (US Dollar) by 2030"},"content":{"rendered":"\n

Source: <\/b>The post is based on the articl<\/span>e \u201c<\/b>Union Minister says, India’s bioeconomy is poised to touch 300 billion USD (US Dollar) by 2030<\/b>\u201d <\/b>published in<\/span> PIB on 24th February 2023<\/b><\/p>\n

What is the News?<\/b><\/h2>\n

The Union Minister of Science & Technology has said that India’s bioeconomy is poised to touch 300 billion USD (US Dollar) by 2030, with its rising innovation and scientific temper.<\/span><\/p>\n

Government is also committed to enable Circular-Bio-economy by advancing \u2018High- Performance Bio-manufacturing\u2019 in the country.<\/span><\/p>\n

What is Bioeconomy?<\/b><\/h2>\n

Click Here to read<\/b><\/a><\/p>\n

What is Circular Bioeconomy?<\/b><\/h2>\n

The bioeconomy aims to drive both sustainable development and circularity. In particular, the principles of the circular economy \u2014 reuse, repair and recycle \u2014 are a fundamental part of the <\/span>bioeconomy.\u00a0<\/span><\/p>\n

Through reuse, repair and recycling, the total amount of waste and its impact is reduced. It also saves energy, minimizes pollution of soil, air and water, thus helping to prevent damage to the environment, climate and biodiversity.<\/span><\/p>\n

India\u2019s Bioeconomy sector<\/b><\/h2>\n

India\u2019s bioeconomy is likely to touch USD 150 billion by 2025 and over USD 300 billion by 2030.<\/span><\/p>\n

The country\u2019s bioeconomy has reached over USD 80 billion in 2021, registering a 14.1% growth over USD 70.2 billion in 2020.<\/span><\/p>\n

On average, at least three biotech startups were incorporated every day in 2021 (a total of 1,128 biotech startups set up in 2021) and the industry crossed USD 1 billion in research and development spending.<\/span><\/p>\n

Bio-Industry got a fillip from India\u2019s Atma Nirbhar Bharat vision and India becoming\u201cenergy independent\u201d by 2047.<\/span><\/p>\n

Bio-Agri which comprises Bt Cotton, pesticides, marine biotech, and animal biotech and has the potential to nearly double its Bioeconomy contribution from USD 10.5 billion to 20 billion in 2025.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Source: The post is based on the article \u201cUnion Minister says, India’s bioeconomy is poised to touch 300 billion USD (US Dollar) by 2030\u201d published in PIB on 24th February 2023 What is the News? The Union Minister of Science & Technology has said that India’s bioeconomy is poised to touch 300 billion USD (US… Continue reading Union Minister says, India’s bioeconomy is poised to touch 300 billion USD (US Dollar) by 2030<\/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":[1566,9],"tags":[3590],"class_list":["post-228696","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-public","tag-pib","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1703300027},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/228696","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=228696"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/228696\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=228696"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=228696"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=228696"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}