Union Minister of State (Independent Charge) for Science & Technology, Earth Sciences, and Minister of State for PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr. Jitendra Singh today launched Phase-III of the Biomedical Research Career Programme (BRCP) with a total outlay of Rs 1,500 crore, including Rs 1,000 crore from the Department of Biotechnology and Rs 500 crore from London based Wellcome Trust, UK.

Launching the programme, Dr Jitendra Singh said, biotechnology is set to become the defining force behind India’s next phase of economic growth, scientific advancement and global competitiveness, asserting that the country is no longer a participant but an emerging leader in the biotechnology revolution.

The Minister said India’s bioeconomy has expanded nearly twenty-fold, from USD 10 billion in 2014 to over USD 195 billion in 2025, and is projected to touch USD 300 billion by 2030, reflecting the rapid transformation of the sector under the leadership of Prime Minister Narendra Modi