Union Minister of Commerce and Industry Mr. Piyush Goyal chaired a high-level roundtable on “India’s Bioeconomy Opportunity: Role of Startups in Driving Innovation and Growth” at Vanijya Bhawan, New Delhi. The roundtable was organised by the Department for Promotion of Industry and Internal Trade (DPIIT) in collaboration with NITI Aayog and NITI Frontier Tech Hub. It brought together policymakers, industry leaders and biopharma startups to deliberate on measures to accelerate the growth of India’s bioeconomy. Mr. Piyush Goyal emphasised the need to leverage India’s scientific capabilities and entrepreneurial talent to position the country as a global leader in the bioeconomy. The address underscored the importance of faster approvals, improved access to finance, shared infrastructure and stronger industry-academia-Government collaboration. It also called for time-bound action on the recommendations emerging from the roundtable.Discussions focused on strengthening the biopharma startup ecosystem through streamlined regulations, faster approvals, a proposed Regulatory Sandbox, Single Window Clearance and simplified patent application processes. Participants also discussed the importance of Biopharma SHAKTI, announced in the Union Budget for FY27. They highlighted the need for shared laboratories, testing facilities and clinical trial facilities to reduce costs and help startups scale their innovations. Distinguished Fellow, NITI Aayog, Ms. Debjani Ghosh highlighted the importance of collaboration among startups, industry, academia and Government in building a globally competitive bioeconomy. Member, NITI Aayog, Prof. Gobardhan Das stressed the need to translate scientific discoveries into commercially viable products. Participants also called for strengthening indigenous life sciences manufacturing, expediting customs clearance for laboratory equipment and reagents, and improving inter-ministerial coordination.Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.https://www.ibef.org/news/union-minister-of-commerce-and-industry-mr-piyush-goyal-chairs-roundtable-on-strengthening-india-s-biopharma-startup-ecosystem-and-accelerating-bioeconomy-growth (ICE MUMBAI)

Fonte notizia: IBEF