BioTech - #SectorUpdates

Union Minister of State (Independent Charge) Science & Technology; Minister of State (Independent Charge) Earth Sciences; MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh has announced 75 “Amrit” Grants for Biotech initiatives involving Startups, Industry, academia and research bodies in integrated collaboration. The 75 inter-disciplinary, multi-institutional grants would be supported for high-risk, ambitious research ideas, milestones-driven collaborative research in all domain specific areas of the biotech sector. Startups, Industries, Academia and Research Bodies can form Team Science Grant in a Public-Private Partnership mode to avail grant of Rs 10-15 Crore over a period of two to three years for inter-disciplinary, high-quality research. The grants would be broadly provided in the areas of health, agri-biotech, climate change, synthetic biology and sustainable bio-resource management. As per the ‘India Bioeconomy Report 2022’ India’s biotech sector was worth $80 billion in value in 2021, registering 14.1% growth over 2020.

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