According to media sources, Union Minister of State (Independent Charge) for Science and Technology, Dr Jitendra Singh, inspected the Microbe Repository and other facilities at the CSIR-Institute of Microbial Technology (CSIR-IMTECH) in Chandigarh and took an update on the ongoing projects in the institute.
During the review, Dr Jitendra Singh highlighted that microbial technology is a crucial pillar of biotechnology, emphasizing its growing significance in shaping the next generation’s industrial revolution.
He credited Prime Minister Narendra Modi for the groundbreaking New BioE3 Policy, which places a renewed focus on bio-manufacturing and bio-foundries. He underscored India’s rapid progress in the biotech sector, stating that India’s bio-economy has witnessed an extraordinary surge from 10 billion dollars in 2014 to over 130 billion dollars in 2024, with projections to reach 300 billion dollars by 2030.
The Minister also recalled the recent launch of India’s first indigenous antibiotic, Nafithromycin, developed to combat resistant infections. He noted that the number of biotech startups in India has grown exponentially from just 50 in 2014 to nearly 9,000 today, solidifying India’s position as a global hub for biotech innovation.
Later, connecting virtually with the CSIR-Institute of Himalayan Bioresource Technology (CSIR-IHBT) at Palampur in Himachal Pradesh, Dr Singh inaugurated several new facilities and participated in critical scientific discussions.
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