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(GIST OF SCIENCE REPORTER) BioE3

(SEPTEMBER-2024)

The Union Cabinet has recently approved BioE3 (Biotechnology for Economy, Environment and Employment) Policy for Fostering High Performance Biomanufacturing.

The BioE3 policy is aimed at ‘Fostering High Performance Biomanufacturing’ aligned with National initiatives of the government of India such as ‘Net Zero’ carbon economy and Mission LiFE (Lifestyle for environment).
The salient features of 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.
High performance biomanufacturing is the ability to produce products from medicine to materials, address farming and food challenges, and promote 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:

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.
Overall, this Policy will further strengthen 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 future that is more sustainable, innovative, and responsive to global challenges and lays down the Bio-vision for Viksit Bharat.