Current Affairs - Places - Discussion

The International Centre for Genetic Engineering and Biotechnology (ICGEB) meeting was recently held in New Delhi, emphasizing India's growing leadership in biotechnology. The event marked the inauguration of the DST-ICGEB Bio-foundry, the first public-funded platform aimed at advancing bio-based innovations. As part of the BioE3 policy, India aims to strengthen its bio-manufacturing ecosystem, contributing to economic growth, environmental sustainability, and employment. The bioeconomy has witnessed rapid expansion, growing from USD 10 billion in 2014 to over USD 165 billion in 2024. With major vaccine developments and global recognition, India continues to assert itself as a global biotechnology hub.