Along with the Initiative, India Bioeconomy Report 2025" (IBER 2025) was also released.
- IBER 2025 has been prepared by the Biotechnology Industry Research Assistance Council (BIRAC), a Public Sector Enterprise, set up by Department of Biotechnology (DBT)
About the BioSaarthi Initiative
- It is a six-month cohort program, will provide structured mentor-mentee engagements, offering personalized guidance to emerging biotech entrepreneurs.
- It will strengthen industry-academia collaboration.
- Under it, overseas experts will be engaged, particularly from Indian diaspora as international mentors.
India’s Bioeconomy
- Status: $165.7 billion in 2024 (witnessed growth from $10 billion in 2014, marking a 16-fold increase)
- Contribution to GDP (Nominal): 4.3%
- Sectors wise Contribution: Bioindustrial (largest contributor with 47.2%) followed by BioPharma, Bio Services and BioAgri.
- Regional contribution: South Zone contributed 45.40% to the national BioEconomy followed by West Zone North and East Zones.
- State Wise Contribution: States like Andhra Pradesh, Maharashtra, Karnataka, Gujarat, etc. are key contributors.
- Startup: Biotech startup ecosystem has grown from just 50 startups a decade ago to over 10,075.
Key Initiative that facilitated growth of India’s Bioeconomy Sector
- Biotechnology for Economy, Environment and Employment (BioE3Policy), 2024
- Biotechnology Research Innovation and Entrepreneurship Development (Bio- RIDE), 2024
- National Biopharma Mission (NBM), 2017
- Other: National Mission on Bioeconomy, 2016, etc.
Significant Milestone in Bio-economy Sector in Recent Years
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