Dr Jitendra Singh Announces ₹2,000 Crore BIRAC-RDI Fund to Boost Biotech
Union Minister Dr Jitendra Singh launched the first national call for the ₹2,000 crore BIRAC–RDI Fund under India's ₹1 lakh crore Research, Development, and Innovation (RDI) initiative to advance biotechnology. This strategic move aims to enhance India's position in global bioeconomy leadership by bridging the gap from research to industrial application. With a goal of achieving a $300 billion bioeconomy by 2030, the fund will aid in fostering biotech startups, boosting high-risk research, and driving industrial growth in sectors like biopharma, bio-industrial manufacturing, and bioenergy.
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