BioE3 Policy lays down Bio-vision for Viksit Bharat: Centre
Aug 24, 2024
New Delhi [India], August 24 : The Union Cabinet, chaired by Prime Minister Narendra Modi, on Saturday approved the proposal 'BioE3 (Biotechnology for Economy, Environment and Employment) policy for fostering high performance biomanufacturing' of the Department of Biotechnology.
Briefing the media after a meeting of the cabinet, Information and Broadcasting Minister Ashwini Vaishnaw said that the policy will provide innovation-driven support to research and development and entrepreneurship across thematic sectors.
This will accelerate technology development and commercialization by establishing Biomanufacturing & Bio-AI hubs and Biofoundry, the minister said.
Along with prioritising regenerative bioeconomy models of green growth, this policy will facilitate expansion of India's skilled workforce and provide a surge in job creation.
Overall, this Policy will further strengthen the government's initiatives, such as 'Net Zero' carbon economy & 'Lifestyle for Environment' and will steer India on the path of accelerated 'Green Growth' by promoting 'Circular Bioeconomy'.
The BioE3 Policy will foster and advance a future that is more sustainable, innovative, and responsive to global challenges and lay down the Bio-vision for Viksit Bharat.
"Our present era is an opportune time to invest in the industrialization of biology to promote sustainable and circular practices to address some of the critical societal issues-such as climate change mitigation, food security and human health. It is important to build a resilient biomanufacturing ecosystem in our nation to accelerate cutting-edge innovations for developing bio-based products," an official release said.
High performance biomanufacturing is the ability to produce products from medicine to materials, address farming and food challenges, and promote the manufacturing of bio-based products through integration of advanced biotechnological processes.
To address the national priorities, the BioE3 Policy would broadly focus on the following strategic/thematic sectors: high-value bio-based chemicals, biopolymers & enzymes; smart proteins & functional foods; precision biotherapeutics; climate resilient agriculture; carbon capture & its utilization; marine and space research, said the release.
