- With the aim of making India a global leader in the fields of biotechnology and the bioeconomy, NITI Aayog released the "Roadmap for Building India as a Leading Bioeconomy Powerhouse by 2035" on July 16, 2026.
- The roadmap proposes the establishment of a Bioeconomy Growth Fund worth ₹50,000 crore for the 2026–2035 period. This fund will encourage research and development (R&D), innovation, biotechnology-based startups, industrial production, and investment, enabling India to rank among the world's top three biotechnology powers by 2035.
- A bioeconomy is an economic system based on biological resources, biotechnology, and bio-based production systems.
- It encompasses various sectors such as agriculture, health, food processing, industrial bioproduction, environmental conservation, biofuels, and waste management.
- The size of India's bioeconomy was approximately US$ 195.3 billion in 2025.
- NITI Aayog's roadmap sets a target to increase this to US$ 691 billion by 2035 and to approximately US$ 2.6 trillion by 2047.
- This initiative is considered a significant step towards establishing India as a knowledge-based, innovation-driven, and sustainable economy.
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