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PM Modi inaugurates Biotech Startup Expo 2022, hails rapid growth of the sector

PM Modi inaugurates Biotech Startup Expo 2022, hails rapid growth of the sector
By: ET GM Posted On: June 09, 2022 View: 12

PM Modi inaugurates Biotech Startup Expo 2022, hails rapid growth of the sector

Prime Minister Narendra Modi inaugurated the Biotech Startup Expo - 2022 on June 9.

Prime Minister Narendra Modi, in his speech, said that the country's first Biotech Startup Expo is a reflection to the country's rapid expansion in the biotech industry.

He hailed the country's startup ecosystem stating that from a few hundred to 70,000 start-ups have been established in our country during the past eight years in a variety of industries. The biotech industry is home to more than 5,000 new businesses.


In the last eight years, India's bio-economy has increased eight times. India is only a few steps away from becoming one of the top ten biotech countries in the world.

The biotech sector is looking to India as a land of opportunity. Mainly due to the following factors: a diversified population, varied climates and a talented workforce, initiatives to relax corporate regulations and a growing demand for bio goods.

The Department of Biotechnology and the Biotechnology Industry Research Assistance Council are in charge of organising the event (BIRAC).

The event is being conducted to commemorate BIRAC's tenth anniversary since its foundation. The Expo's theme is 'Biotech Startup Innovations: Towards AatmaNirbhar Bharat.".

Entrepreneurs, investors, industry executives, scientists, researchers, bio-incubators, manufacturers, regulators, and government officials will all have a chance to network at this Expo.

Expo will host over 300 stalls displaying biotechnology applications in a variety of disciplines such as the pharmaceutical and biopharmaceutical industries as well as agriculture and industrial biotechnology as well as waste-to-value and renewable energy sources.

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