04 Nov 2023: PIB Summary for UPSC

TABLE OF CONTENTS

1. CHANAKYA DEFENCE DIALOGUE 2023
2. India poised to be among top 5 Global Bio-manufacturing Hubs by 2025

1. CHANAKYA DEFENCE DIALOGUE 2023

Syllabus: GS-3, Defence and security

Prelims: CHANAKYA DEFENCE DIALOGUE 2023

Context: The Chanakya Defence Dialogue 2023, a two-day groundbreaking event steered by the Indian Army in collaboration with the Centre for Land Warfare Studies (CLAWS), concluded on 4th November with takeaways on Security Challenges in South Asia and the Indo-Pacific. 

Details:

• The event had the theme, ‘Serving India and Indo Pacific Region- Collaborating for Comprehensive Security’. 
• The Dialogue, inspired by the sagacity of the ancient strategist Chanakya, unfolded crucial discussions on global and regional security issues with a distinctive emphasis on South Asian and Indo-Pacific security dynamics, a roadmap for collaborative security in the region, optimisation of emerging technologies for defence and security, ways to enhance the collaborative capacity of the Indian defence industry and options for India to achieve comprehensive deterrence.

2. India poised to be among top 5 Global Bio-manufacturing Hubs by 2025

Syllabus: GS-3, Economy

Prelims: Global Bio-manufacturing Hubs

Context: The Union Minister has said that India is poised to be among top 5  Global Bio-manufacturing Hubs  by 2025. The Science & Technology Minister said, Biotechnology has the potential to become an important instrument of global trade and bio-economy contributing to India’s overall economy.

Details:

• Indian Bioeconomy witnessed double digit growth rate year-on-year in the last 9 years.
• India is now being rated among top 12 biotechnology destinations in the world.
• In 2014, India’s bioeconomy stood at just about $10 Billion, today it is $80 Billion. In just 8/9 years it has gone (up) 8 times and we look forward to having $300 Billion by 2030.
• Bioeconomy is going to be a hugely lucrative source of livelihood in the times to come.
• Biotechnology sector in India has evolved over the last three decades and has made significant contributions to various sectors including Health, Medicine, Agriculture, Industry and Bio-Informatics.
• Biotech StartUps are crucial to India’s future economy.
• Biotech Startups have grown 100 times in the last 8 years from 52 odd startups in 2014 to 6,300 plus presently. Every day 3 Biotech Start-Ups are getting incorporated in India with aspirations to provide viable technological solutions.

Read the previous PIB articles here.