“India”s biotechnology economy can approach USD 100 billion in 2025 if the right policies are put in place, giving industry the required stimulation,” he said. Kant said India has established biotechnology parks and incubators across the country to facilitate scientists and MSMEs with technology demonstration, along with pilot studies for accelerated commercial development.

Noting that an increase in the number of biotech incubators can boost research and promote the growth of startups, Kant said, “Innovations in bio-manufacturing technologies are critical for the success of the Indian biotech industry.”