7 months ago
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Kerala’s bioeconomy assemblage has witnessed a sizeable yearly maturation complaint of 12% arsenic per the Kerala Bioeconomy Report 2025, prepared by the Association of Biotechnology Led Enterprises (ABLE).
Industries Minister P. Rajeeve released the study connected Friday during ‘Bio Connect 3.0 International Life Science Conclave and Expo’, jointly organised by the Kerala Life Sciences Industries Park and Bio360 Life Sciences Park successful the capital.
The worth of Kerala’s bioeconomy, which stood astatine $6.25 cardinal successful 2022, roseate to $7.54 cardinal successful 2024 and has present reached $8.24 cardinal successful 2025, signaling a 12% yearly maturation rate. The study notes that the bioeconomy’s stock successful Kerala’s Gross State Domestic Product (GSDP) accrued from 3.96% to 5.1% implicit the past 3 years. The bio-pharma assemblage is identified arsenic the astir important contributor to Kerala’s bioeconomy, accounting for 44% of its full value.
The bio-industry assemblage ranks second, contributing 35% of the full value, with industries specified arsenic biofuels, fermentation-based manufacturing, marine processing and intoxicant accumulation driving its growth. According to the report, a robust organization model comprising the Kerala Medical Technology Consortium, Rajiv Gandhi Centre for Biotechnology, and CSIR-NIIST contributed to the maturation successful the sector. Over 60 probe institutions lend to this ecosystem.
