CURRENT AFFAIRS

Detailed explanation-1: -Renu Swarup also holds charge of Managing Director, Biotechnology Industry Research Assistance Council (BIRAC), a Public Sector Company incorporated by the Government of India to nurture and promote innovation research in the Biotech Enterprise with special focus on Start-ups and SMEs.

Detailed explanation-2: -Department of Biotechnology of Ministry of Science and Technology| National Portal of India.

Detailed explanation-3: -Father of Indian biotechnology? Some people consider Kiran Mazumdar Shaw (born in 1953) as father/mother of biotechnology in India. She is chairman and managing director of Biocon; and chairperson of IIM-Bangalore.

Detailed explanation-4: -India is among the Top 12 destinations for biotechnology worldwide and 3rd largest destination for biotechnology in Asia Pacific. In 2022, India’s Biotechnology industry has crossed US$80.12 Bn, growing 14% from the previous year.