Biotech sector one of most demand driven sectors: PM Modi

Prime Minister Narendra Modi (File Photo/PIB)

New Delhi: Biotech sector is one of the most demand driven Sectors, Prime Minister Narendra Modi said on after inaugurating the Biotech Startup Expo – 2022 at Pragati Maidan, here on June 9, 2022.

The campaigns for Ease of Living in India over the years have opened up new possibilities for the biotech sector, PM Modi said, adding that developments in health, agriculture, energy, natural farming, bio fortified seeds are creating new avenues for the sector.

The Prime Minister also launched Biotech products e portal.

He said that India’s bio-economy has grown 8 times in the last 8 years.

The Prime Minister also noted the contribution of Biotechnology Industry Research Assistance Council (BIRAC) in the development of the sector in the country.

Prime Minister Modi said there are five big reasons why India is being considered a land of opportunities in the field of biotech.

“First- diverse population and diverse climatic zones, Second- India’s talented human capital pool, Third- increasing efforts for ease of doing business in India. Fourth- The demand for Bio-Products is increasing continuously in India and fifth- India’s Biotech Sector and its track record of success.”

Union Ministers Piyush Goyal, Dharmendra Pradhan, Dr Jitendra Singh, stakeholder of biotech sectors, experts, SMEs, investors were among those present on the occasion. (Press Release)

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