The Union Cabinet, led by Prime Minister Narendra Modi, has greenlit the ‘BioE3 (Biotechnology for Economy, Environment and Employment) Policy for Fostering High Performance Biomanufacturing,’ a significant step aimed at advancing India’s biomanufacturing sector and promoting sustainable growth.
According to the press release, ‘BioE3 policy include innovation-driven support to R&D and entrepreneurship across thematic sectors. This will accelerate technology development and commercialization by establishing Biomanufacturing & Bio-AI hubs and Biofoundry. Along with prioritizing regenerative bioeconomy models of green growth, this policy will facilitate expansion of India’s skilled workforce and provide a surge in job creation.’
The key aspects of the BioE3 policy include:
Innovation and Support: The policy provides robust support for R&D and entrepreneurship, focusing on advancing biotechnological processes and establishing cutting-edge biomanufacturing infrastructure.
Green Growth and Sustainability: It emphasizes regenerative bioeconomy models, supporting the government’s goals of a ‘Net Zero’ carbon economy and a ‘Lifestyle for Environment’.
High-Performance Biomanufacturing: By promoting the industrialization of biology, the policy targets the production of bio-based products that address climate change, food security, and human health issues.
Strategic Focus Areas: The BioE3 policy will concentrate on several thematic sectors, including high-value bio-based chemicals, biopolymers, smart proteins, precision biotherapeutics, climate-resilient agriculture, and carbon capture.
The BioE3 policy aims to build a resilient biomanufacturing ecosystem in India, positioning the country as a leader in sustainable biotechnological innovation. By integrating advanced biotechnology processes, it seeks to address critical societal challenges and contribute to the vision of a ‘Viksit Bharat’ (Developed India).
This policy approval marks a pivotal step in India’s commitment to sustainable development and innovation in biotechnology, potentially positioning the country as a global leader in high-performance biomanufacturing.
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