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Bioeconomy Archives - BioBiz

Category : Bioeconomy


Ethanol Production Capacity of India reaches 1,685 crore liters

India bio-economy updates from BioBiz India's ethanol production capacity has reached 1,685 crore liters, with 744 crore liters from grain-based and 941 crore liters from molasses-based distilleries. The Ethanol Blended with Petrol (EBP) Programme aims for 20% blending by 2025. Current blending stands at 14.6%. To know more...


Ethanol Plant in Assam Receives 50 crore PLI Incentive

India bio-economy updates from BioBiz Gulshan Polyols Limited’s 250 KLPD ethanol plant in Assam will receive a ₹2 per liter Production Linked Incentive (PLI) for three years. The company is expected to gain ₹50 crore in incentives over three years. To know more Click


200 KLPD corn/grain-based distillery by Godavari Biorefineries

India bio-economy updates from BioBiz Godavari Biorefineries is investing ₹130 crore to set up a 200-KLPD corn/grain-based distillery in Karnataka with alternate feedstocks. The project supports India's Ethanol Blended Petrol program. GBL is a global leader in ethanol-based chemicals. To know more Click


India’s BIRAC is propelling the country to global biotech leadership

India’s bioeconomy is valued at $151 billion, with a target of $300 billion by 2030, driven by innovation and private sector investment. BIRAC plays a key role in the sector’s growth, aiming to position India as a global leader in biotechnology innovation. Dr. Jitendra Kumar...


India’s bioeconomy at $150 billion: BIRAC MD

India’s bioeconomy has grown to USD 150 billion but ranks 14th globally due to limited innovation in patented products. BIRAC is promoting academic research conversion into marketable biotech solutions through initiatives like the PACE program and bio-incubation centres. Although biotech startups have surged from 300...


India’s bioeconomy projected to reach $300 billion by 2030

India’s bioeconomy surpassed $150 billion in 2023 and is projected to reach $300 billion by 2030, ranking 12th globally. The country inaugurated its first biopolymer demonstration facility in Pune, aligning with the BioE3 Policy for sustainable growth. India is positioning itself as a leader in...


India’s first Demonstration Facility for Biopolymers in Pune

Dr. Jitendra Singh inaugurated India’s first Biopolymers Demonstration Facility in Pune, promoting eco-friendly PLA bioplastics to combat plastic pollution. India’s bioeconomy reached $150 billion in 2023, aiming for $300 billion by 2030, supported by the BioE3 Policy and a thriving biotech sector. With over 8,500...


35 Advanced Biomass Warehouses to be Set up By BiofuelCircle

BiofuelCircle is expanding its rural biomass infrastructure, increasing warehouses from 15 to 35 with a ₹75 crore investment. The initiative targets 70,000 farmers and 250,000 MT of biomass processing by FY 2024-25, reducing stubble burning in Uttar Pradesh. Its digital platform promotes sustainability by supplying...


India’s biopharma sector key driver of bioeconomy

India’s biopharma sector, contributing 49% to biotechnology output, drives global health innovation. The Biologics CDMO market is projected to grow at a 12.78% CAGR, reaching $24.77 billion by 2028, with Indian companies investing 8-10% in R&D. India, the second-largest vaccine producer globally, manufactures 14.5 million...


Marine Resources Tapped Through Biotechnology: Odisha Govt Plans Several Steps

Odisha aims to boost India's bioeconomy by utilizing its marine resources, focusing on marine biodiversity, aquaculture, and marine bioproducts. The state is developing a roadmap to enhance marine biotech and support related startups. At Global Bio-India 2024, Odisha showcased its biotech potential, highlighting innovative startups...