Biotechnology sector is recognized as one of the key drivers for contributing to India's USD 5 Trillion economy target. Indian Biotechnology sector is poised to grow exponentially over the next decade. Policy initiatives of the Government of India (GoI) such as Startup India and Make in India programs are aimed to develop India as a world-class Biotechnology and Bio-manufacturing hub. India is among the Top-12 destinations for biotechnology in the world and 3rd largest destination for biotechnology in Asia Pacific, with approximately 3% share in the global Biotechnology industry.
India's Bioeconomy grew to 93.1 billion USD in 2022, up from $80.1 billion in 2021. A growth of 14.1% was registered even during the Covid year of 2021. It is expected to reach $300 Bn by 2030. For the Ease of Doing Business Report, India is ranked 1st among South-Asian countries. India ranks 40th in the Global Innovation Index Report 2023.
Recognizing the importance of this sector, Global Bio India 2023 is going to deliberate on the opportunities and key challenges in the areas of bio-manufacturing, capacity-building, regulation & policies creating global supply chains for achieving a growth-oriented road-map for the biotechnology sector in the country. Technical Sessions & Policy dialogues on topics of National & Global Importance, Bio- Partnering, Startup Pavilion, Mega Biotech Exposition by Startups & SMEs, Biotech Large Companies, BioIncubators, Bio-Services, Partners & Enablers, business meetings and site visits of high-level international delegation and announcements of major initiatives under Biotech Policy are a few salient components of the event. Global Bio-India 2023 would showcase key biotechnological innovations, products, services, technologies from national and international companies, start-ups and research institutes, funding and collaboration opportunities for research and development, attracting major contract projects from international companies as well as major global venture funding into India and facilitate interactions of research institutions with the industry.
