NITI Aayog proposes ₹50,000 crore fund to make India global biotech power

📌 Summary:

• A NITI Aayog roadmap, ‘‘Roadmap for Building India as a Leading BioEconomy Powerhouse by 2035’’, released July 16, 2026, proposes a ₹50,000 crore BioEconomy Growth Fund
• It also proposes a dedicated Production-Linked Incentive (PLI) scheme for biomanufacturing and six national biotechnology missions
• Goal: make India one of the world’s top three biotechnology powers by 2035
• Strategy: move beyond the existing BioE3 (Biotechnology for Economy, Environment and Employment) policy framework to a ‘‘mission-mode’’ execution model backed by new financing, regulatory reforms and cross-ministerial governance
• Targets: expand India’s bioeconomy from $195.3 billion (2025) to $691 billion by 2035 and $2.6 trillion by 2047, generating 30 million+ high-value jobs

🎯 UPSC Relevance: GS3 Science & Technology / Economy — biotechnology as a growth driver, PLI, mission-mode governance, BioE3 policy.

📝 Prelims Facts:

• BioE3 policy = Biotechnology for Economy, Environment and Employment
• India’s bioeconomy: $195.3 bn (2025), targeted $691 bn by 2035, $2.6 tn by 2047
• Proposed BioEconomy Growth Fund: ₹50,000 crore; six national biotech missions proposed

🔑 Key Term: Bioeconomy — economic activity derived from biological resources, biotechnology and biomanufacturing (bio-based products, biofuels, pharma, agri-biotech).