Union Minister Dr. Jitendra Singh highlights India's progress in biotechnology, AI, space, and technology sectors, emphasizing the country's role in the next industrial revolution.
On August 9, 2026, Union Minister of State (Independent Charge) for Science & Technology and Earth Sciences, Dr. Jitendra Singh, addressed a media conclave and highlighted India's progress and potential role in the upcoming industrial revolution, which is expected to be biotechnology and AI-driven. Unlike the previous IT-driven revolution where India was late to participate, Dr. Singh stated that India is now among the first few countries globally with a dedicated Biotechnology policy known as BiOE3.
India's rapid advances in space have seen the growth of its space economy from almost negligible to around USD 9 billion and projected to reach USD 40–45 billion within the next eight to nine years. The Minister also discussed India’s emergence as a global manufacturing and technology hub, the rapid pace of technological change, innovation, private-sector participation, and opportunities emerging in frontier sectors.
Dr. Jitendra Singh emphasized that the next phase of industrial transformation is likely to be driven by artificial intelligence and biotechnology. He stated that India is already part of this transition and pointed out the Government’s BioE3 initiative, which aims to strengthen the biotechnology ecosystem.
The Minister also referred to the opening of the space sector to private participation in 2020, citing it as an example of the potential of an enabling policy framework. He mentioned the emergence of Indian space start-ups and their rapid growth, including companies that have developed rockets and achieved unicorn status within a few years.
Source:
Press Information Bureau
