Revolutionising Industries The Power and Potential of Biomanufacturing

Deo Prakash Chaturvedi

IMG

India’s bioeconomy is rapidly expanding and is projected to achieve a $150 billion valuation by 2025, up from its $80 billion value in 2021-22. The Indian government is actively fostering the growth of the bioeconomy and has made part of its National Biotechnology Development Strategy 2021-25. This thriving bioeconomy encompasses diverse fields such as agriculture, pharmaceuticals, food and beverages, chemicals, and energy. India’s strengths in these sectors, along with its abundant skilled scientists and engineers and conducive innovation environment, provide a solid foundation for the bioeconomy’s development. The COVID-19 pandemic has accelerated this growth by propelling India to the forefront of vaccine and biopharmaceutical production.

At the heart of propelling the bioeconomy forward lies the pivotal concept of biomanufacturing — harnessing the power of biological systems to craft products for the market. Biomanufacturing in India will not only slash the dependence on imported bio-based commodities, but it is also expected to act as a dynamic engine for job creation, economic revitalisation, environmental preservation, and innovation to address pressing global challenges like climate change and food security. A recent noteworthy development in this arena is the resounding emphasis placed by…read more on NOPR