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Global Bio-India-2021

Posted on March 4, 2021 by admin1  52

In News: Department of Biotechnology (DBT), Biotechnology Industry Research Assistance Council (BIRAC) are organizing Global Bio-India 2021.

  • It is a mega international congregation of biotechnology stakeholders, including international bodies, regulatory bodies, Central and State Ministries, SMEs, large industries, bioclusters, research institutes, investors, and the startup ecosystem.

Key Highlights

  • Theme: “Transforming lives”
  • Tag line: “Biosciences to Bio-economy”.
  • The event has representatives from 50 plus countries with Switzerland as the key partner and Karnataka as the state partner.
  • Three-day Global Bio-India 2021 was inaugurated Monday by Harsh Vardhan, the minister of Science & Technology, and Health & Family Welfare.
    • It is the largest Bio event and would showcase opportunities in Indian Biotechnology sector to the world.
    • Multiple products by the private sector like Tech- Ola were launched.
      • Tech-Ola is a single window e- marketplace app, which would bring together all public and private sector laboratories, fabrication and prototyping centres.
  • Indian capability in Vaccine Production was applauded by WHO delegates.
    • India has shown the capacity to be a global-scale manufacturer and also an innovator when it comes to coronavirus vaccines.
    • As many as 30 vaccines are at different stages of development in India.
    • Vaccines already in use are
      • Covaxin, developed indigenously by Bharat Biotech.
      • Covishield, developed by Oxford-AstraZeneca and being manufactured at Serum Institute of India.
  • Project Development Cell for Biotechnology was announced
  • Two Reports were released:
    • ‘Indian Bioeconomy Report (IBER)’ by Association of Biotechnology Led Enterprises (ABLE), not-for-profit pan-India forum.
    • ‘Biotech Investment Potential for Indian States Report’ by IFC
  • Growth in the biotech sector with 850+ startups in the last year alone is encouraging.

About Biotechnology

  • Biotechnology is a broad area of biology, involving the use of living systems and organisms to develop or make products.
  • Depending on the tools and applications, it often overlaps with related scientific fields.
  • Biotechnology sector is recognized as the key driver for contributing to India’s USD 5 Trillion economy target by 2024.

Source: PIB


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