NITI Aayog proposes ₹50,000 crore fund to make India global biotech power
NITI Aayog has proposed a ₹50,000 crore BioEconomy Growth Fund to establish India as a global biotechnology leader by 2035. The roadmap includes production-linked incentives and six national missions to bridge the gap between research and commercial manufacturing.
Why it matters
The proposal signals a strategic government push to scale India's biotechnology sector, aiming for significant economic growth and job creation in high-tech fields.
A NITI Aayog roadmap has proposed creating a ₹50,000 crore BioEconomy Growth Fund, a dedicated production-linked incentive (PLI) scheme for biomanufacturing and six national biotechnology missions as part of an ambitious strategy to transform India into one of the world’s top three biotechnology powers by 2035.
The article summarizes a government report objectively, focusing on the proposed goals and financial mechanisms.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in