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Union Cabinet Approves BioE3 Policy to Propel Biomanufacturing and Green Growth

The BioE3 Policy aims to advance biomanufacturing innovation and green growth by enhancing India's biotechnological capabilities, creating jobs, and supporting global sustainability efforts.

Updated on: 26 August, 2024 2:08 PM IST By: KJ Staff
Union Cabinet Approves BioE3 Policy (Photo Source: Pixabay)

The Union Cabinet, chaired by Prime Minister Narendra Modi, has adopted the "BioE3 (Biotechnology for Economy, Environment, and Employment) Policy for Fostering High Performance Biomanufacturing," which is a major step towards strengthening India's biotechnology capabilities. This policy aims to boost innovation and entrepreneurship in biotechnology, positioning India as a leader in sustainable biomanufacturing.

The BioE3 Policy is designed to provide innovation-driven support for research and development (R&D) and entrepreneurial ventures across various thematic sectors. Key features of the policy include the establishment of Biomanufacturing & Bio-AI hubs and Biofoundries, which are expected to accelerate technology development and commercialization. By focusing on regenerative bioeconomy models, the policy seeks to promote green growth and expand the nation’s skilled workforce, thereby creating numerous job opportunities.

This initiative aligns with the government's broader goals of achieving a ‘Net Zero’ carbon economy and promoting a ‘Lifestyle for Environment’. By endorsing a Circular Bioeconomy, the BioE3 Policy aims to foster a more sustainable, innovative, and responsive future, supporting India's vision for a developed Bharat.

The policy arrives at a crucial time when industrializing biology can address critical societal challenges such as climate change, food security, and human health. A resilient biomanufacturing ecosystem is essential for driving innovations in bio-based products and tackling these pressing issues effectively.

High performance biomanufacturing encompasses the production of a range of products, from medicines to materials, and addresses challenges in farming and food. The BioE3 Policy outlines several strategic sectors for focus, including high-value bio-based chemicals, biopolymers, smart proteins, precision biotherapeutics, climate-resilient agriculture, carbon capture, and marine and space research.

The BioE3 Policy aims to enhance India’s biomanufacturing capabilities and contribute to global sustainability goals, positioning the country at the forefront of the biotechnology revolution through the integration of advanced biotechnological processes.

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