August 24, 2024 | PMINDIA.gov |
The Union Cabinet, led by Prime Minister Narendra Modi, has approved the 'BioE3 (Biotechnology for Economy, Environment and Employment) Policy,' spearheaded by the Department of Biotechnology. This policy focuses on advancing high-performance biomanufacturing through innovation-driven R&D and entrepreneurship. Key features include the establishment of Biomanufacturing & Bio-AI hubs and Biofoundries to support technology development and commercialization.
The BioE3 policy aims to promote regenerative bioeconomy models, enhance India’s skilled workforce, and boost job creation. It aligns with government goals like achieving a 'Net Zero' carbon economy and supports 'Circular Bioeconomy' principles. The policy addresses crucial societal challenges such as climate change, food security, and health by fostering sustainable and circular practices.
The BioE3 Policy targets several strategic sectors, including high-value bio-based chemicals, smart proteins, precision biotherapeutics, climate-resilient agriculture, carbon capture, and marine and space research. By investing in biomanufacturing and integrating advanced biotechnologies, the policy seeks to drive green growth and establish a robust biomanufacturing ecosystem in India.