Biotechnology sector is recognized as one of the key drivers for contributing to India's USD 5 Trillion economy target by 2024. Indian Biotechnology sector is poised to grow exponentially over the next decade. Policy initiatives of Government of India (GoI) such as Make in India program 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, with approximately 3% share in the global Biotechnology industry.
Indian Biotechnology industry's economy is valued at $70 billion in 2020 is expected to grow to 2 USD 150 Bn by 2025. According to World Bank's Doing Business Report 2020, India is now ranked 1st among South-Asian countries compared to 6th rank in 2014. India was ranked 48th according to the Global Innovation Index Report 2020.
Recognizing the importance of this sector, Global Bio India 2021 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. Investors Virtual rooms, exhibitions, webinars, entrepreneurs conclaves, B2B meetings, Ecosystem connect are few salient components of the event. Global Bio-India 2021 would showcase key biotechnological innovations, products, services, technologies from national and international companies, start-ups and research institutes, identify 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.