Question
What is the target size of India’s bioeconomy by the
year 2030, as per the newly launched Biofoundry Network initiative?Solution
India has set an ambitious goal of reaching a $300 billion bioeconomy by 2030, up from $165 billion in 2024. This expansion is being facilitated by the launch of the Biofoundry Network with 21 facilities, leveraging biotechnology, AI, and automation to support start-ups, SMEs, and academic institutions in pre-commercial innovation and manufacturing.
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