The Cabinet gives green light to the “BioE3 Policy (Biotechnology for Economy, Environment, and Employment)” proposed by the Department of Biotechnology.
The policy aims to foster innovation-driven research and development, and entrepreneurship in various thematic sectors. Key features include the establishment of Biomanufacturing & Bio-AI hubs and Biofoundries to accelerate technology development and commercialization. By prioritizing regenerative bioeconomy models, the policy will also help expand India’s skilled workforce and create new jobs.
This policy aligns with the government’s initiatives like ‘Net Zero’ carbon economy and “Lifestyle for Environment.” And will propel India towards accelerated “Green Growth” through a “Circular Bioeconomy.” The BioE3 Policy will foster and advance future that is more sustainable, innovative, and responsive to global challenges and lays down the Bio-vision for the country.
Given the current global landscape, investing in biological industrialization is crucial to address critical societal issues like climate change, food security, and human health. A robust biomanufacturing ecosystem in India can accelerate cutting-edge innovations and the development of bio-based products.
High-performance biomanufacturing involves producing a wide range of products, from medicine to materials, addressing agricultural and food challenges, and promoting the manufacturing of bio-based products through advanced biotechnological processes. To address national priorities, the BioE3 Policy will focus on strategic sectors such as high-value bio-based chemicals, biopolymers & enzymes, smart proteins & functional foods, precision biotherapeutics, climate-resilient agriculture, carbon capture & utilization, and marine and space research.