The United States and India are deepening their partnership in technology, particularly in biotechnology and healthcare. This collaboration aims to accelerate research, development, and drug discovery through advanced technologies such as artificial intelligence (AI), nanotechnology, and bioinformatics. Key Points of the Collaboration: 1. Historical Context: The two countries have a...
Takeda-BIRAC Partnership to Foster Indian Biotech Innovation
At the Global Bio-India 2023 summit, Japan-headquartered pharmaceutical company Takeda signed a three-year Memorandum of Understanding with India's Biotechnology Industry Research Assistance Council (BIRAC), a state-owned entity. Under the agreement, Takeda will provide advisory and mentoring support to Indian innovators and entrepreneurs to help them develop new healthcare solutions from...
India’s Mazumdar-Shaw Raises Goal for Its Bio-Economy for 2025
India's state owned Department of Biotechnology, Ministry of Science & Technology, and the Biotechnology Industry Research Assistance Council (BIRAC) organized the 3rd Global Bio-India 2023, an international congregation on biotechnology, on Dec 4 in New Delhi. The event focused on boosting India's biomanufacturing capabilities through next-gen technologies, biotech innovation, workforce...
India’s Biotech Sector Likely to Clock Over $300 Billion by 2030
Releasing India’s Bioeconomy Report 2022, Dr Jitendra Singh, Minister for Science & Technology pointed out that India’s Bioeconomy had reached over $80 billion in enterprise value in 2021 recording 14% growth over $70.2 billion in 2020. Noting the rapid growth in the sector, the minister projected that this segment is...
Prime Minister Modi Inaugurates Biotech Startup Expo 2022
In recognition of the expansive growth of the biotech sector in India, Prime Minister Narendra Modi inaugurated the country's first biotech startup expo in New Delhi on June 9. He also launched an e-portal of biotech products at the event. The 2-day event was organized by the Department of Biotechnology...
India Launches National Pharma Mission
The Government of India launched the National Pharma Mission for the development of bio pharmaceuticals through industry-academia collaboration. This program will focus on the development of specific products such as vaccines, biotherapeutics, and newer platform technologies for medical devices and diagnostics. Funded by India's central government and through a loan...