The  BioE3 (Biotechnology for Economy, Environment and Employment) Policy for Fostering High Performance Biomanufacturing’ proposed by the Department of Biotechnology has been approved by the Union Cabinet.

About BioE3 Policy

• Themes: The policy will focus on 6 main themes to boost biomanufacturing.
  • Bio-based chemicals and enzymes, 
  • Functional foods and smart proteins
  • Precision biotherapeutic
  • Climate resilient agriculture
  • Carbon capture and its utilisation
  • Futuristic marine, and space research. 

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• Features: 
  • Boost innovation: It will provide innovation-driven support to R&D and entrepreneurship across thematic sectors. 
  • It will accelerate technology development and commercialization by establishing Biomanufacturing & Bio-AI hubs and Biofoundry
  • Prioritising regenerative bioeconomy models of growth.
  • Create jobs: The  policy will facilitate expansion of India’s skilled workforce and provide a surge in job creation.
• Benefits: 
  • Circular Bioeconomy: The Policy will strengthen initiatives such as ‘Net Zero’ carbon economy & Project LIFE (‘Lifestyle for Environment)  and will promote India on a path of accelerated Green Growth
  • Promote the Goal of Viksit Bharat: It will realise a future which is sustainable, innovative, and responsive to global challenges and lays down the Bio-vision for Viksit Bharat.
  • The policy will build a resilient biomanufacturing ecosystem which will accelerate cutting-edge innovations for developing bio-based products.

About Biotechnology

• Biotechnology is the use of advances in molecular biology for applications in human and animal health, agriculture, environment, and specialty biochemical manufacturing.
  • It is an interdisciplinary frontier between biology, engineering, medicine and plant science

• India is among the Top 12 destinations for biotechnology worldwide and 3rd largest destination for biotechnology in Asia Pacific. 
• Biotech Economy: India’s BioEconomy is valued at an  estimated $130 Bn in the year 2024 and is identified as a sunrise sector
• Category: India’s Biotechnology sector is categorised into Biopharmaceuticals, Bio agriculture, Bio IT and Bio Services. 

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