New Delhi: India’s first biotechnology stakeholders conglomerate, the Global Bio-India Summit 2019 concluded in New Delhi today. In her remarks at the Closing Ceremony, Renu Swarup, Secretary, Department of Biotechnology & Chairperson BIRAC, said, going by the tremendous success of the mega event, the Department plans to turn the Summit into an annual event with support from all stakeholders.
Union Minister for Science and Technology, Earth Sciences, and Health and Family Welfare, Harsh Vardhan, who had inaugurated the Summit along with the Minister for Petroleum & Natural Gas and Steel, Dharmendra Pradhan, also released a report on the bright future of biologics and biosimilars on Day 2 of the Summit .
Before that, Vardhan had released a report on private investment in biotechnology. The report, among other things, highlighted the need for the Government to find out why there was inadequate private investment in biotech research.
Speaking at the inauguration, Vardhan had remarked that India has the potential to emerge as a world leader in Biotechnology, while Dharmendra Pradhan noted that India has the highest scope globally for growth of biofuels.
On Day 2 of the Summit, Commerce & Industry Minister Piyush goyal called upon academia, industry and Government to come together, saying sustainability will be the fulcrum for innovation. Goyal also extended support to biotech sector startups and MSMEs.
The three-day Summit was organized by the Department of Biotechnology (DBT), Ministry of Science & Technology, and Government of India along with its Public Sector Undertaking, the Biotechnology Industry Research Assistance Council (BIRAC). The associated partners for this event were Confederation of Indian Industry (CII), Association of Biotechnology Led Enterprises (ABLE) and Invest India.
Biotechnology is recognized as the sunrise sector – a key driver for contributing to India’s USD 5 Trillion economy target by 2025.
The Summit provided an opportunity to showcase the potential of India’s biotech sector to the international community, identify, create opportunities and deliberate on key challenges in the areas of Bio-pharma, Bio-Agri, Bio-Industrial, Bio-Energy and Bio-Services and allied sectors.
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