Union Minister Dr Jitendra Singh says Government will promote Industry driven Startups to create wealth and jobs
The Minister addresses the 37th Foundation day of Department of Biotechnology
(DBT) as Chief Guest at National Institute of Immunology, NII, Delhi
Startups will become sustainable, if Industry from the very beginning will
identify the subject/product and invest matching equity with the Government: Dr
Jitendra Singh
DrJitendra Singh assures that funds will not be a constraint under Prime
Minister Narendra Modi’s Government to promote the “Innovation Ecosystem” in
the country
Union Minister of State (Independent Charge) Science
& Technology; Minister of State (Independent Charge) Earth Sciences; MoS
PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr
Jitendra Singh today said, Government will promote Industry-driven Start-Ups to
create wealth and jobs.
Addressing the 37th Foundation
day of Department of Biotechnology (DBT) as Chief Guest at National Institute
of Immunology, NII, Delhi, Dr Jitendra Singh called for equal stake with equal
partnership and responsibility by Industry to sustain the Start-Ups boom.
The Minister said, Start-Ups will become sustainable, if
Industry from the very beginning will identify the theme/subject/product and
invest matching equity with the Government. The Minister assured that funds
will not be a constraint under Prime Minister Narendra Modi’s Government to
promote the “Innovation Eco-System” in the country.
Giving the example of Prime Minister Narendra Modi’s idea
of an Atma Nirbhar Bharat, where India’s vaccine strategy brought together
pharma, industry and academia in a partnership with an eye on meeting the
current as well as possible future challenges, Dr Jitendra Singh said, the idea
behind initiatives like this is to have a sustainable partnership in the long
run and provide a sustainable source of livelihood to India’s youth. He added
that the Government of India, led by Prime Minister Modi, is encouraging
industrial outreach by extending all possible support.
The Minister also pointed out that last year he had launched Single National Portal
"BioRRAP" for Biotech researchers and Start-Ups and also to cater to
all those seeking regulatory approval for biological research & development
activity in the country and thus offer a huge relief for "Ease of Science
as well as Ease of Business”. He asserted that India is poised to become a
Global Bio-manufacturing Hub and will figure among the top 5 countries of the
world by 2025.
Dr Jitendra Singh pitched for development of
India’s own Molecule and said for Indian Problems, Indian Remedies must be
devised. He said, Biotechnology is the technology of tomorrow as IT has already
reaching its saturation point. The Minister emphasized that Biotech will be the
key to Amrit Kaal Economy and also for making India a frontline nation in the
world.
Dr Jitendra Singh reiterated that India's bio-economy
has grown 8 times in the last 8 years under Prime Minister Modi from $10
billion in 2014 to over $80 billion in 2022. Similarly, Biotech Startups have
grown 100 times in the last 8 years from 52 odd startups in 2014 to 5300 plus
in 2022. He said, 3 Biotech Startups were incorporated every day in 2021 and a
total of 1,128 biotech startups were set up in 2021 alone, signaling the rapid
growth of the sector in India.
Dr Jitendra Singh pointed out that the Biotechnology
Sector in India has evolved over the last three decades and has made
significant contribution in various sectors including health, medicine,
agriculture, industry and bio-informatics, due to enormous support received
both from government & private sector. He underlined that the Biotechnology
Sector has seen a rapid growth in the last 9 years and India is now being rated
among top 12 biotechnology destinations in the world. He said, more than three
times funds allocated to this sector compared to pre-2014 era to make India
globally competitive in biotechnology research, innovation, and
entrepreneurship and also paving the way for the promising future.
In his
address, Secretary, Department of Biotechnology (DBT), Dr Rajesh Gokhale said,
India must catch up fast with the Foundational Technologies of 21st Century to remain relevant in the game.He said,
Government of India, through the Science, Technology and Innovation, among
other things, aspires to position India among the world’s top five scientific
powers and it is very much committed in supporting scientific research and
innovations. He added that DBT is the nodal agency for promotion of
Biotechnology in the country and nurturing Biotechnology by creating a strong
ecosystem for facilitating basic, early and late translational research and
entrepreneurship and also formulation of policies and guidelines in all sectors
of biotechnology. Department is relentlessly working towards promotion of
research, innovation and technology leading to product development; building
capacities, both human resource and infrastructure; fostering national and
international partnerships.
Delivering the Foundation Day Lecture, Prof Rishikesha T
Krishnan, Director, Indian Institute of Management, Bengaluru said that
Department of Biotechnology is the only department in the Government of India
which has got end-to-end approach from Idea to development of final product. He
also informed that gathering that it was Biotech or rather the IR8 variety of
Rice, which was responsible for the Green Revolution thus making significant
contributions to Agri Sector, as the yield was 3 to 4 times per hectare than
the normal seed.
Prof K VijayRaghvan in his address said that there was a
time when there was a danger that DBT could have been mistaken for Fermentation
Technology but thanks to efforts by Dr Ramachandran that it evolved as a
separate specialized stream and department. He said, linkage of Biotechnology
with Digital Technology will open the floodgates for this sector.
Dr Alka Sharma, Senior Advisor, DBT and MD, BIRAC
(Biotechnology Industry Research Assistance Council) in her welcome address
said, DBT has established 15 theme-based autonomous institutions across the
country. She also informed that one international institution namely the New
Delhi center of the International Centre for Genetic Engineering &
Biotechnology and two Public Sector Undertakings BIBCOL and BIRAC have also
been established for manufacturing of biologicals and fostering and nurturing
the startup innovation ecosystem.
Dr Sanjay Mishra, Senior Scientist presented vote of
thanks and took the collective pledge to make DBT, one of the premier Research
and Innovation Departments of the country and the world in times to come.
The Department has contributed in strengthening all the
diverse aspects of Biotechnology. Some of the major achievements in key areas
include: 1. Ease of
Governance-Policy Reforms include Biotechnology Research and Innovation Council
(BRIC) Department is subsuming its 14 Autonomous Institutions to create one
Apex Autonomous Body2. Vaccines for Swasth Bharat; Under Atmanirbhar Bharat
3.0, a special grant of Rs. 900 Crore was allocated to the Department for the
implementation of Mission COVID Suraksha towards development of vaccines
against COVID-19.
Sectoral
achievements include:
a) Genomic Sequencing -
Biotechnology Research and Innovation Council (BRIC) ng
for Tracking Pathogens
b) Therapeutic
Interventions c. Regulatory
Reforms include Biological Research Regulatory Approval Portal (BioRRAP)– “One
Nation One Portal”, Biotech-KISAN,(~100/year) for law enforcing agencies,
medico-legal applications and quality testing. CDFD offers diagnostic services
for various genetic disorders including rare genetic disorders which help iDBT-Centre for DNA Fingerprinting and
Diagnostics (CDFD) offers DNA
Fingerprinting services.