Role of Knowledge and Innovation-driven Bioeconomy towards Sustainable Development: A Futuristic Perspective

Balvinder  Shukla; Nidhee  Chaudhary; Smriti  Shrivastava; Manoj  Joshi; R.  Sujatha

doi:10.5530/ctbp.2025.3s.6

Authors

Balvinder Shukla Amity University Uttar Pradesh, Noida, India
Nidhee Chaudhary Centre for Biotechnology and Biochemical Engineering, Amity Institute of Biotechnology, Amity University Uttar Pradesh, Noida, India
Smriti Shrivastava Centre for Biotechnology and Biochemical Engineering, Amity Institute of Biotechnology, Amity University Uttar Pradesh, Noida, India
Manoj Joshi Centre for VUCA Studies, Amity University Uttar Pradesh, Lucknow, India
R. Sujatha Principal - Entrepreneur Education, Ignite, Entrepreneurship, Wadhwani Foundation, New Delhi, India

DOI:

https://doi.org/10.5530/ctbp.2025.3s.6

Keywords:

Biotechnology, Bio-based Economy, Sustainable development,, Entrepreneurship, India, SDGs

Abstract

Biotechnology being heart of ‘biobased economy’ is the major reason for the present-day bio-based innovations, offering solutions to global challenges ranging from food, feed, energy, medicine thereby, addressing basic requirements of humankind to the worldwide epidemic, relevantly explicated by recent Covid-19 pandemic. Developing biobased economy using ecoefficient and renewable bioresources is strategic challenge for present day. ‘Biotechnology’ as ‘Knowledge and Innovation driven Bioeconomy’, mentioned by National mandates for 2025, target the nation to stand as a global biotechnology hub, forecasting 100 bn $ bio-based economy with over 10 million jobs, requiring defined strategies and implementation action plan. This article emphasizes on current state of biotechnology-based economy, building industry-ready graduates and defining majors to combat key challenges towards achieving circular biobased economy with resource management targeting sustainable development.