The Union Cabinet, on Saturday, August 25, approved a new policy named "Biotechnology for Economy, Environment, and Employment" (BioE3), aimed at advancing high-performance biomanufacturing in India. The policy, designed by the Department of Biotechnology, seeks to support innovation-driven research and development, as well as entrepreneurship, across various thematic sectors.
Information and Broadcasting Minister Ashwini Vaishnaw announced the approval, highlighting the significance of the BioE3 policy. "This is one of the most significant decisions made in today's Union Cabinet meeting. Just as we have witnessed industrial and IT revolutions, we are on the brink of a biotechnology revolution. This policy will create vast job opportunities in fields related to biotechnology and biosciences. A strong policy framework was necessary, and the Cabinet has now approved it. The Biotechnology for Economy, Environment, and Employment policy is built on six key pillars," he said.
The BioE3 policy is expected to accelerate the development and commercialization of biotechnology by establishing biomanufacturing hubs, bio-AI hubs, and biofoundries. These efforts aim to promote high-performance biomanufacturing, enabling the production of a wide range of products, from medicines to materials, and addressing challenges in agriculture and food production through advanced biotechnological processes.
In addition to prioritizing green growth and regenerative bioeconomy models, the policy will play a crucial role in expanding India’s skilled workforce and creating a surge in job opportunities. An official statement emphasized that the BioE3 Policy will "foster a future that is more sustainable, innovative, and responsive to global challenges, aligning with the vision of a developed India."
The policy also underscores the importance of investing in the industrialization of biology at this critical juncture, with the aim of promoting sustainable and circular practices. These efforts will address pressing societal issues such as climate change, food security, and public health.
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To align with national priorities, the BioE3 Policy will focus on strategic sectors including high-value bio-based chemicals, biopolymers and enzymes, smart proteins and functional foods, precision biotherapeutics, climate-resilient agriculture, carbon capture and utilization, and marine and space research, as outlined in the government document.
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