One year of BioE3 Policy: Jitendra Singh launches National Biofoundry Network; bioeconomy target $300 billion by 2030
Marking one year of the BioE3 Policy on 27 August 2025, Union Minister Jitendra Singh launched the BioE3 Challenge for Youth and India's first National Biofoundry Network, saying the bioeconomy had grown to $165.7 billion in 2024.
Summary
Union Science and Technology Minister Jitendra Singh marked one year of the BioE3 (Biotechnology for Economy, Environment and Employment) Policy on 27 August 2025 by launching the BioE3 Challenge for Youth and the country's first National Biofoundry Network. He said India's bioeconomy grew from $10 billion in 2014 to $165.7 billion in 2024 and the target is $300 billion by 2030. Achievements he listed include India's first Biomanufacturing Institute at Mohali, Bio-AI hubs and biofoundries, a DBT–ISRO MoU on space biotechnology, and an MoU with Assam to set up a BioE3 Cell.
Key facts
- Occasion
- One year of BioE3 Policy, 27 Aug 2025
- Launched
- BioE3 Challenge for Youth; first National Biofoundry Network
- Bioeconomy
- $10 bn (2014) → $165.7 bn (2024); target $300 bn by 2030
- First Biomanufacturing Institute
- Mohali
- Partnerships
- DBT–ISRO MoU (space biotech); MoU with Assam for BioE3 Cell
- Youth challenge theme
- Design Microbes, Molecules & More
Practice MCQs 2 questions
According to Union Minister Jitendra Singh (August 2025), India's bioeconomy was valued at about how much in 2024?
Show answer
Correct answer: D — $165.7 billion
India's bioeconomy grew from $10 billion in 2014 to $165.7 billion in 2024; $300 billion is the 2030 target.
India's first Biomanufacturing Institute, cited as an achievement in the first year of the BioE3 Policy, was inaugurated at:
Show answer
Correct answer: A — Mohali
The Minister highlighted the inauguration of India's first Biomanufacturing Institute at Mohali.