Govts investing heavily in bioeconomy; India best example of demand, supply growing together
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- ✓The World Economic Forum said on Tuesday that governments are investing heavily in bioeconomy development.
- ✓India is the best example of demand and supply growing together.
- ✓The report noted that India has a rapidly expanding bioeconomy supported by targeted national initiatives, including the Biotechnology for Economy, Environment and Employment Policy.
Story at a Glance
- Category
- Indian Markets
- Reported By
- MoneyControl
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Governments across the world are investing heavily in bioeconomy development and India provides the clearest example of demand and supply expanding together in this area, the World Economic Forum said on Tuesday. In its Bioeconomy Policy Index report, prepared in collaboration with Capgemini Invent, the WEF said the range of policy instruments for bioeconomy development in India reflects a strong emphasis on enabling conditions, research and development, and institutional capacity. The report analysed 935 bioeconomy policy instruments across Japan, the United Kingdom, Germany, the United States, India, China, and Brazil.
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