India, July 8 -- Minister of State for Science and Technology Jitendra Singh on Monday (July 8) said the number of biotech startups in the country has soared from 50 in 2014 to nearly 11,000 currently.

As per an official press briefer, MoS Singh attributed the surge in numbers to "policy backing and institutional partnerships". He also underscored the need for early industry partnerships and financial support to fuel biotech ventures in the country.

The MoS emphasised that the future industrial revolution would be driven by bioeconomy, adding that India would lead the charge in this space. "Bioproducts aren't limited to laboratories anymore. They're about livelihoods - from biodegradable packaging to eco-friendly personal care, from rur...