Can Karnataka Become a $100 Billion Bioeconomy? Karnataka Biotech Policy 2024-2029 Launched

🚀 Can Karnataka Become a $100 Billion Bioeconomy by 2030? 🚀

In this video, we dive deep into the Karnataka Biotech Policy 2024-2029, which aims to transform the state into a $100 billion bioeconomy powerhouse. With a targeted CAGR of 19%, Karnataka is set to contribute 33% of India's bioeconomy if successful.

Discover the ambitious steps outlined in the policy, including:

Support for biotech startups through GST returns
Patent fee reimbursements
Interest subsidies for MSMEs
Infrastructure boosts like the formation of SEZs and innovation centers

Can this bold initiative help scale Karnataka's biotech sector, which already holds 20% of India’s bioeconomy? We also explore challenges like regulatory support, capital access, and how this move can create thousands of new jobs for biotech graduates.

Stay tuned to find out if Karnataka can achieve this ambitious goal by 2030!

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