Biotechnology to power next industrial revolution; India targets $1 trillion bioeconomy by 2047: MoD Dr Jitendra Singh

Biotechnology to power next industrial revolution; India targets $1 trillion bioeconomy by 2047: MoD Dr Jitendra Singh

Union Minister of State (Independent Charge) for Science and Technology Jitendra Singh on Tuesday said biotechnology will drive the next industrial revolution, as India steadily moves towards building a USD 1 trillion bioeconomy by 2047.

Addressing the 40th Foundation Day celebrations of the Department of Biotechnology (DBT) in New Delhi, the Minister launched “SUJVIKA”, an AI-driven biotech product data portal developed in collaboration with industry body ABLE.

Singh said India has ensured that it does not remain a late entrant in emerging technologies and has positioned biotechnology as a key pillar of future economic growth under the vision of Viksit Bharat.

The SUJVIKA portal is a trade statistics digital intelligence platform that presents authenticated biotechnology product import data in a structured format. It provides sector-wise insights into biochemical products, industrial enzymes and other biotech imports, enabling researchers, startups and industry to identify high-value imports, assess import dependence and prioritise indigenisation and R&D efforts.