India’s Bio-Economic Hub

Part of: Prelims and Mains GS-II- Governance

Context: The Eastern Himalayan Region is one of the mega-biodiversity rich zones and is among the 34 biodiversity Hotspots of the world. There is a need to put these invaluable genetic resources to use for the economic growth of the region in particular and to the nation in general, through biotechnological interventions. 

The Department of Biotechnology has played a pivotal role to build capacity in the North Eastern region for carrying out biotechnology research to address issues specific to the region and implement programmes for the societal upliftment of the local communities as the North Eastern region is a genetic treasure house of plant, animal and microbial resources.  

India’s Bio-Economy is on its way to achieve 150-billion-dollar target from the current 70 billion-dollar by 2025 and will contribute effectively to the vision of a 5 trillion-dollar economy by 2024-25.

News Source: PIB

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