PIB News Update: India’s first largest biotechnology stakeholders conglomerate, – the Global Bio-India (GBI) Summit, 2019 concluded. The three-day event was organized by the Department of Biotechnology (DBT), Ministry of Science & Technology, Government of India along with its Public Sector Undertaking, Biotechnology Industry Research Assistance Council (BIRAC). The associated partners for this event were Confederation of Indian Industry (CII), Association of Biotechnology Led Enterprises (ABLE) and Invest India.
In her remarks at the Closing Ceremony, Dr. Renu Swarup, Secretary, Department of Biotechnology & Chairperson BIRAC, said, going by the tremendous success of the mega event, the Department plans to turn the GBI into an annual event with support from all stakeholders.
Biotechnology is recognized as the sunrise sector- a key driver for contributing to India’s USD 5 Trillion economy target by 2025.
The Summit provided an opportunity to showcase the potential of India’s biotech sector to the international community, identify, create opportunities and deliberate on the key challenges in the areas of Bio-pharma, Bio-Agri, Bio-Industrial, Bio-Energy and Bio-Services and allied sectors.