Karnataka aims to become a $50-bn bio-economy by 2025: Deputy CM

Bio-economy uses renewable biological resources sustainably to produce food, energy and industrial goods.

Karnataka aims to become a $50-billion bio-economy by doubling the $22.6-billion sector in five years, said the state government at the Bengaluru Tech Summit on Friday. 

Bio-economy, which uses renewable biological resources sustainably to produce food, energy and industrial goods, has grown by at least 14 per cent in two years in Karnataka. It contributes 10.3 per cent to the Gross State Domestic Product of $221.82 billion. 

“Our target is to raise Karnataka’s bio-economy share to 50 per cent of the national bioeconomy revenue target of $100 billion by the year 2025,” said CN Ashwath Narayan, Karnataka's deputy chief minister and minister