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Cabinet approves ‘Bio-RIDE’ scheme to support cutting edge research and development in Biotechnology

Published By : Admin | September 18, 2024 | 15:26 IST

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, today approved continuation of the two umbrella schemes of Department of Biotechnology (DBT), merged as one scheme-‘Biotechnology Research Innovation and Entrepreneurship Development (Bio- RIDE)’ with a new component namely Biomanufacturing and Biofoundry.

The scheme has three broad components:

a) Biotechnology Research and Development (R&D);

b) Industrial & Entrepreneurship Development (I&ED)

c) Biomanufacturing and Biofoundry

The proposed outlay for the implementation of the unified scheme ‘Bio-RIDE’ is Rs.9197 crore during the 15th finance Commission period from 2021-22 to 2025-26.

Bio-RIDE scheme is designed to foster innovation, promote bio-entrepreneurship, and strengthen India’s position as a global leader in biomanufacturing and biotechnology. It aims to accelerate research, enhance product development, and bridge the gap between academic research and industrial applications. The scheme is part of the Government of India’s mission to harness the potential of bio-innovation to tackle national and global challenges such as healthcare, agriculture, environmental sustainability, and clean energy. Implementation of Bio-RIDE Scheme will -

· Promote Bio-Entrepreneurship: Bio-RIDE will nurture a thriving ecosystem for startups by providing seed funding, incubation support, and mentorship to bio-entrepreneurs.

· Advance Innovation: The scheme will offer grants and incentives for cutting-edge research and development in areas like synthetic biology, biopharmaceuticals, bioenergy, and bioplastics.

· Facilitate Industry-Academia Collaboration: Bio-RIDE will create synergies between academic institutions, research organizations, and industry to accelerate the commercialization of bio-based products and technologies.

· Encourage Sustainable Biomanufacturing: A significant focus will be placed on promoting environmentally sustainable practices in biomanufacturing, aligned with India’s green goals.

· Support researchers through Extramural funding: Bio-RIDE will play critical role in advancing scientific research, innovation, and technological development across diverse fields of biotechnology by supporting extramural funding to research institutions, universities, and individual researchers in areas such as agriculture, healthcare, bioenergy, and environmental sustainability.

· Nurturing Human Resource in Biotechnology sector: Bio-RIDE will provide holistic development and support to students, young researchers and scientists working in the multidisciplinary areas of Biotechnology. The integrated programme of Human Resource Development will contribute towards the capacity building and skilling of the manpower and make them competent to leverage the newer horizon of technological advancements.

 Further, to enable Circular-Bioeconomy in the country a component on Biomanufacturing and Biofoundry is being initiated in alignment with ‘Lifestyle for the Environment (LiFE)’ launched by the Hon’ble PM to propel mitigation of global climate change by incorporating green and friendly environmental solutions in every aspect of life. This new component of Bio-RIDE aspires to nurture the immense potential of ‘Biomanufacturing’ to facilitate development of indigenous innovative solutions to improve healthcare outcomes, enhance agriculture productivity, foster growth of the bioeconomy, scale-up and commercialization of bio-based products, expanding India’s cohort of highly skilled workforce, and intensifying entrepreneurial momentum.

The DBT’s ongoing efforts align with its vision of harnessing the potential of Biotechnology as a precision tool for national development and well-being of society to fulfill its mission to make India globally competitive in Biotechnology research, innovation, translation, entrepreneurship, and industrial growth and be a US$300 billion Bioeconomy by 2030. The Bio-RIDE Scheme will contribute significantly towards realizing the vision of ‘Viksit Bharat 2047’.

Background:

Department of Biotechnology (DBT), Ministry of Science and Technology, promotes excellence and innovation-driven discovery research and entrepreneurship in biotechnology and modern biology.

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PM to visit Surat and Daman on 5th June
June 04, 2026
PM to inaugurate, dedicate to the nation and lay the foundation stone of various development projects worth around ₹18,800 Crore in Surat
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Prime Minister Shri Narendra Modi will visit Gujarat and Daman on 5th June, 2026. At around 2:30 PM, Prime Minister will visit Hazira in Surat district and review ongoing industrial operations and infrastructure projects. At around 4:15 PM, Prime Minister will inaugurate, dedicate to the nation and lay the foundation stone of various development projects worth around ₹18,800 crore in Surat. He will also address the gathering on the occasion.

Prime Minister will then travel to Daman, where at around 6:15 PM, he will inaugurate the New Terminal Building of NAMO Airport in Daman. This will be followed by the dedication of NAMO Hospital in Daman to the nation. Thereafter, at around 7:15 PM, Prime Minister will inaugurate, dedicate and lay the foundation stone of various development projects worth around ₹2,970 crores in Daman. He will also lay the foundation stone of four important projects for the Union Territory of Lakshadweep worth around ₹885 crore. He will also address the gathering on the occasion.

PM in Surat

Prime Minister will inaugurate, dedicate to the nation and lay the foundation stone of multiple development projects worth over ₹18,800 crore in Surat across the road, power and industrial sectors.

Prime Minister will dedicate Packages VI and VII of the Vadodara-Mumbai Expressway to the nation, enhancing high-speed transportation, logistics efficiency and economic connectivity between Gujarat and Maharashtra. Prime Minister will lay the foundation stone for key infrastructure projects which includes the four-laning of critical sections on NH-56 to enhance connectivity across tribal regions and boost access to the Statue of Unity.

Prime Minister will also inaugurate a 200 bedded ESIC Hospital in Surat, providing modern secondary healthcare across key specialties, backed by a central laboratory and essential ancillary services. It also features 24/7 emergency and trauma care to ensure the timely management of occupational injuries and medical emergencies. Prime Minister will inaugurate critical utility and industrial infrastructure projects, including the Transmission Network Expansion in Gujarat to enhance power evacuation capacity under the Inter-State Transmission System. Prime Minister will also inaugurate several important initiatives of Government of Gujarat, including modern power distribution upgrades under the Revamped Reforms-Based Distribution Sector Scheme in Valsad, advanced effluent disposal and treatment infrastructure at Dahej Petroleum, Chemicals and Petrochemical Investment Region (PCPIR) and Sarigam Gujarat Industrial Development Corporation (GIDC), and essential layout utilities at the Jambusar Bulk Drug Park.

PM in Daman

Prime Minister will inaugurate, dedicate to the nation and lay the foundation stone of development projects worth around ₹2,970 crore in Daman. These projects span various sectors including healthcare, civil aviation, tourism, infrastructure, connectivity and public welfare and are expected to provide a major boost to the overall development of the Union Territory of Dadra and Nagar Haveli and Daman and Diu.

Prime Minister will inaugurate and dedicate projects worth around ₹1,340 crore, including the New Terminal Building of NAMO Airport and NAMO Hospital, among others in Daman. The new airport terminal will significantly enhance regional air connectivity and facilitate economic growth in the region. NAMO Hospital, the district hospital in Daman district, has been developed to cater to nearly 1,500 OPD patients per day and will strengthen access to quality healthcare services for the people.

Prime Minister will also lay the foundation stone of projects worth around ₹1,630 crore. Major projects include the Iconic Bridge, the Daman Convention Centre and the NIFT Campus at Daman, among others. These projects are expected to strengthen modern infrastructure, boost tourism, promote investment, generate employment opportunities and improve the quality of life of the people.

Prime Minister will also lay the foundation stone of important projects for the Union Territory of Lakshadweep worth around ₹885 crore. These projects include Development of Port Facilities on the Eastern and Western Sides of both Kalpeni Island and Kadmat Island. The development of these multipurpose jetties will facilitate year-round berthing of large passenger vessels, including cruise vessels of up to 300 metres in length. The projects will enable safe and efficient passenger and cargo handling and provide integrated facilities for fish handling, fuel distribution, ice supply and boat repair. These initiatives will strengthen maritime connectivity, support the livelihoods of local fishermen, promote tourism and contribute to the socio-economic development of the islands.