India is rising as a global research leader, with Ajay Sood noting at the Global Bio-India 2024 Summit that the country has surged to the top 5 in 45 out of 64 technologies.

India's Bioeconomy has increased 12 times in the past 10 years from US$ 10 billion in 2014 to US$ 120 billion currently, according to Dr. Jitendra Singh, Union Minister of State (Independent Charge) for Science and Technology, Personnel, Public Grievances, Pensions, Atomic Energy, and Space,.

Bharat Biotech, a vaccine and bio-therapeutics producer, and the University of Sydney Infectious Diseases Institute (Sydney ID) inked a Memorandum of Understanding (MoU) to collaborate on vaccine development and the global fight against infectious illnesses.

Union Minister Dr. Jitendra Singh said India will be among the top five global bio-manufacturing hubs by 2025. Biotech Startups have grown 100 times in the last 8 years from 52 odd startups in 2014 to 6,300+ presently.

An agreement was signed between THDC India Limited (THDCIL) and Indian Institute of Technology (IIT) Delhi to collaborate on research and development activities related to electric vehicle batteries, green hydrogen, geothermal technology, and waste management and recycling.