New Delhi, May 14 -- India's bioeconomy has seen an exponential rise under the Prime Minister Narendra Modi government -- from $10 billion in 2014 to $165.7 billion in 2024 -- and aims to reach $300 billion by 2030, Union Minister Dr. Jitendra Singh said on Wednesday.

India is at the right time and in the right place, with a highly enabling political ecosystem to lead the next global biotechnology revolution, he said while addressing the "International Centre for Genetic Engineering and Biotechnology's (ICGEB) board meeting of governors here

Dr Singh described India as the emerging global biotech destination and said that this is the most appropriate venue for such deliberations at a time when India has much to contribute to the world com...