Union Minister of State (Independent Charge) Jitendra Singh has launched “BIO-NIVESH”, a strategic platform to connect biotechnology startups with investors.
The initiative aims to facilitate the flow of private capital for innovations ready for scale-up and commercialization. The platform was inaugurated during a joint roundtable session of biotechnology startups and investors in New Delhi.
The NITI Aayog has launched the "Roadmap for Building India as a Leading Bioeconomy Powerhouse by 2035" at the National Media Centre in New Delhi.
The roadmap aims to scale the bioeconomy of India to $691 billion by 2035 and $2.6 trillion by 2047. To achieve these objectives, it recommends the creation of six National BioMissions: GeneIndia, AgriBio 2.0, BioX Foundry, One Health Grid, Marine Biotechnology, and BioPharmaNext.
It also proposes the establishment of a ₹50,000 crore "BioEconomy Growth Fund" for the 2026-2035 period, to be allocated from the existing ₹1 lakh crore Research, Development and Innovation (RDI) framework. The roadmap was inaugurated by Union Minister of State Jitendra Singh and was developed by the NITI Frontier Tech Hub (NITI-FTH) in consultation with the Department of Biotechnology (DBT).
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