The Hindu·4 min read·hard
NITI Aayog proposes ₹50,000 crore fund to make India global biotech power
J
Jacob Koshy
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NITI Aayog has proposed a ₹50,000 crore BioEconomy Growth Fund to establish India as a global biotechnology leader by 2035. The roadmap includes production-linked incentives and six national missions to bridge the gap between research and commercial manufacturing.
A NITI Aayog roadmap has proposed creating a ₹50,000 crore BioEconomy Growth Fund, a dedicated production-linked incentive (PLI) scheme for biomanufacturing and six national biotechnology missions as part of an ambitious strategy to transform India into one of the world’s top three biotechnology powers by 2035.
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