By: IPP Bureau
Last updated : April 25, 2026 8:18 am
At IIT Roorkee’s Vision 2047 conference, the union minister highlights BioE3 policy, rising biotech startups, and major scientific milestones
Union Minister of State for Science and Technology, Dr Jitendra Singh has said the 21st century will be India’s century, powered by a biology-led economy projected to reach $1 trillion by 2047.
Delivering the keynote address at the “Vision 2047: Prosperous and Great Bharat 2.0” conference hosted by Indian Institute of Technology (IIT) Roorkee, he said India is advancing towards full-spectrum technological capability—from gene to qubit and from ocean depths to space—supported by policy reforms and a growing innovation ecosystem.
The conference, jointly organised by IIT Roorkee and Swadeshi Shodh Sansthan, saw participation from over 100 institutions. Notable attendees included IIT Roorkee Director K. K. Pant and Shridhar Vembu.
Referring to Prime Minister Narendra Modi’s Viksit Bharat 2047 vision, Singh highlighted that India’s development model integrates economic growth with ethical values. He noted that the government’s BioE3 policy is driving bio-manufacturing-led growth, with the bio-economy expanding from $10 billion in 2014 to over $165 billion today and targeting $300 billion by 2030. Biotech startups have surged from around 50 to over 11,000.
The Minister also cited key initiatives such as the Anusandhan National Research Foundation and the Rs 1 lakh crore RDI Fund to support deep-tech innovation. Highlighting scientific achievements, Singh pointed to progress in Genome India, indigenous CAR-T therapy, mRNA vaccine platforms, India’s first indigenous antibiotic, and collaborations with Indian Space Research Organisation in space biotechnology, along with missions like Samudrayaan.
On emerging technologies, he said the National Quantum Mission has met milestones ahead of schedule, while India’s Global Innovation Index ranking has improved from 81 to 39.