India's bio-economy likely to touch $300 billion by 2030 - India Renewable Energy Consulting – Solar, Biomass, Wind, Cleantech
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India’s bio-economy likely to touch $300 billion by 2030

That was surely eye popping for me

$300 billion by 2030, that would be more than the individual GDP of 75% of the world’s nations by then. (Even at its current about $100 billion, India’s bio-economy is a pretty hefty market)

The bio-economy sector comprises bio-pharma, bio-agri, bio-industrials, bio-energy & bio-services (See more details from the news item here – )

Of the $300 billion, I have a suspicion that bio-agri & bio-pharma could form the largest chunks – 65-70% possibly. EAI’s CO3 Bio division had estimated that the bio-industrials & bio-energy sectors together will be about $50 billion by 2030. Bio-services (Bio-IT, CRO etc) is likely to account for the rest.

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Whichever way you look at it, this is a market that should interest many startups, as well as corporates. For more than just the economically attractive prospects – large portions of the bio-economy growth will have highly positive effects on India’s rural and farmer populations, a highly welcome development.

For those keen on knowing more about the specific opportunities opening up in India’s bio-economy under the bio-energy & bio-industrials sector, EAI’s CO3 Bio section could be a good starting point – 

See my LinkedIn post on this topic

About Narasimhan Santhanam (Narsi)

Narsi, a Director at EAI, Co-founded one of India's first climate tech consulting firm in 2008.

Since then, he has assisted over 250 Indian and International firms, across many climate tech domain Solar, Bio-energy, Green hydrogen, E-Mobility, Green Chemicals.

Narsi works closely with senior and top management corporates and helps then devise strategy and go-to-market plans to benefit from the fast growing Indian Climate tech market.


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