PM Modi: India's 'bio economy' has reached USD 80 billion in last 8 years
Prime Minister Narendra Modi launched the Biotech Start-up Expo 2022 in New Delhi on June 9. Speaking at the event, PM Modi said India's 'bio economy' had reached USD 80 billion in the last eight years. Prime Minister Narendra Modi stated on Thursday that his administration believes in bolstering every industry to propel the country's growth, claiming that it has abandoned its previous strategy of focusing on a few areas while disregarding others. After inaugurating the two-day Biotech Startup Expo here, Modi stated that India's 'bio-economy' has risen eight times in the previous eight years, reaching USD 80 billion from USD 10 billion, and that the country is not far from joining the top ten countries in the global biotech ecosystem. He stated that the number of startups in the country has gone from a few hundreds to over 70,000 in the previous eight years, and that his administration has worked to improve the ease of doing business and create an...