Summary
They will cut red tape, give faster patent approvals, and add more money for research.
The plan aims to turn India into a world leader in biology and health.
Key Points
4 points1
Government talks with biotech start‑ups about simplifying rules.
2
Funding will be increased and patent approvals will be faster.
3
A new research fund will support big projects and shared labs.
4
Goal is to raise the bioeconomy to $300 billion by 2030.
New Words to Learn
5 wordsbiotechnology
using living things to make useful products
red tape
complicated paperwork or rules
patent
legal protection for an invention
research fund
money set aside to study and develop new ideas
bioeconomy
the part of the economy that uses living things for products and services
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