India's biotech sector: 9,000 startups and $130 bn by 2024
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8.4 bn tonnes of carbon estimated to be stored in technosphere
A study by the University of Groningen reveals that human-made products, including plastics and buildings, stored 8.4 billion tonnes of fossil carbon between 1995 and 2019. This growing stock within the “technosphere” equals 93% of global CO? emissions from 2019 and poses a significant risk of adding to greenhouse gas emissions. Researchers call for longer product lifespans and improved recycling to mitigate the environmental impact.
LEAD STORY
India’s biotech sector: 9,000 startups and rapid growth by 2024
India’s biotechnology sector has grown exponentially, with startups increasing from 50 in 2014 to nearly 9,000 in 2024. Dominated by biopharma, which contributes 49% of the bio-economy, the sector’s value has surged from US$ 10 billion to over US$ 130 billion in a decade, with a target of US$ 300 billion by 2030.
HIGHLIGHT OF THE DAY
V.O. Chidambaranar Port has allocated Rs 41,860 crore to become India's Green Hydrogen-Ammonia hub. The port is increasing capacity following cargo growth of 1.87% this year. A green hydrogen pilot project is underway, with plans for a bunkering project and expanded berths to accommodate larger vessels.
Asian President Forum - powered by Indusfood 2025
The Asian Presidents Forum (APF) 2025, organized by the Indian Federation of Culinary Associations (IFCA) with the support of Trade Promotion Council of India (TPCI), will be a key highlight of 8th Edition of Indusfood, being organised at the India Expo Centre & Mart, Greater Noida, from January 8-10, 2025.
The Forum is an elite annual conclave that unites top culinary leaders and presidents of national chef associations from across Asia. With representatives from 30 Asian Chef Associations, it is a critical hub for innovation, collaboration, and thought leadership in the culinary world.
领英推荐
India, ADB ink US$ 350 million policy-based loan to boost logistics
On December 20, the Indian government and the Asian Development Bank (ADB) signed a landmark US$ 350 million policy-based loan under the second subprogram of the Strengthening Multimodal and Integrated Logistics Ecosystem (SMILE) program. This agreement marks a significant stride toward transforming India’s logistics sector, aiming to establish the country as a global leader in efficient, resilient, and sustainable logistics systems.
FACT OF THE DAY
Andhra Pradesh Government and PhysicsWallah (PW) partnered to establish the University of Innovation (UoI), aiming to become the state's first Institute of Eminence. The university will focus on AI, emerging technologies, and entrepreneurship, using a hub-and-spoke model for statewide access. PW, backed by GSV Ventures, plans to invest ?1000 crores, collaborating with industry partners like AWS for market-relevant education.
Over 15% of India’s super rich are under 30
Over 15% of India’s high-net-worth individuals (HNIs) are under 30, driven by the rise of startup unicorns, IPOs, and tech-driven ventures. A report by Anarock Property Consultants predicts this number will climb to 25% by 2030.
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