Global-Bio India 2021- Key Facts

The Union Minister of Health & Family Welfare and Science & Technology, Dr. Harsh Vardhan, inaugurated the second edition of Global-Bio India-2021 on March 1, 2021. This is a three-day event which will be organised from March 1 to March 3, 2021 under the Theme– ‘Transforming Lives’ along with the tagline ‘Biosciences to Bio-economy’.

Highlights

This is a virtual event which is being organised on a digital platform by the Department of Biotechnology under the ministry of Science & Technology. The public sector undertaking, Invest India, Association of Biotechnology Led Enterprises, Biotechnology Industry Research Assistance Council in association with the industry association confederation of Indian industry are also contributing in the event. The event has representatives from 50 plus countries with Switzerland as the key partner Karnataka as the state partner.

About the event

The Global-Bio India event will mark the participation of more than 5000 delegates, 1000 start-ups and 200 exhibitors. It will also be participated by the academia, researchers, entrepreneurs, start-ups, policy leaders, investors, enablers, regulators, medium & large-scale industry and other organizations to facilitate acceleration of innovation ecosystem in India. It will be organising 24 knowledge sessions so as to emphasize role of multiple allied sectors for the growth of Biotechnology in India.

Aim of the event

The Global-Bio India event is being organised with the aim of providing India the recognition of an emerging Innovation Hub and the bio-manufacturing hub globally. It will facilitate Biotech innovation ecosystem, Make in India and India’s investments for the Atma Nirbhar Bharat initiative and global networking & collaborations.

Significance of the biotechnology sector

The Biotechnology sector has become a significant part of the Indian economy. The Indian government is also playing a major role in building the bio-economy worth USD 150 billion by 2025. This sector is considered as a major driver for India to achieve the target of USD 5 trillion targets.

Month: Current Affairs - March, 2021