After inaugurating the Biotech Showcase Portal, PM Modi said - India's economy has grown 8 times

Biotech Startup Expo: PM Modi said- "Biotech Startup Expo is a reflection of the growth of India's biotech sector. India's economy has grown 8 times in the last 8 years. We have reached from $10 billion to $80 billion.

New Delhi: Prime Minister Narendra Modi inaugurated the Biotech Showcase Portal at Pragati Maidan, Delhi. During the address, PM Modi said- "Biotech Startup Expo is a reflection of the growth of India's biotech sector. India's economy has grown 8 times in the last 8 years and we have reached from $10 billion to $80 billion.


'Number of people investing in biotech startups increased by 9 times'

The PM said- 'In the last years, whatever steps we have taken under Atal Innovation Mission, Make in India and Self-reliant India campaign, the biotech sector has also benefited from them. The number of people investing in our biotech startups has increased by 9 times since the launch of Startup India.


The PM said- "Recently we have achieved the target of 10 per cent blending of ethanol in petrol. India has also reduced the target of blending 20 per cent ethanol in petrol by 5 years from 2030 to 2025. All these efforts will also create new employment opportunities in the field of biotech.