New Delhi, July 7 -- India is committed to growing its bioeconomy to $300 billion by 2030, Union minister for science and technology Jitendra Singh said on Monday, as the country aims to leverage biological resources such as crops, forests, and micro-organisms to sustainably produce goods, services, and energy and mitigate climate change.

The biotechnology ecosystem in the country has grown from around 50 startups a decade ago to nearly 11,000 today-a leap made possible by policy backing and institutional partnerships, Singh said on the occasion of World Bioproduct Day.

In March this year, the government said that the size of the country's bioeconomy was estimated at $165.7 billion in 2024.

Referring to the recently-launched BioE3 Poli...