Cabinet Firms Up Biotechnology Sector Policy with BioE3 for Innovation-Driven Growth
Understanding the BioE3 Initiative
New Delhi: The Union Cabinet on Saturday approved the 'BioE3' (Biotechnology for Economy, Environment and Employment) policy for fostering high-performance biomanufacturing of the Department of Biotechnology.
Driving Innovation in Biotechnology
According to Information and Broadcasting Minister Ashwini Vaishnaw, the BioE3 policy seeks to include innovation-driven support for research and development and entrepreneurship across thematic sectors.
- This will accelerate technology development and commercialisation by establishing biomanufacturing and bio-AI hubs and biofoundry, he said.
- With its thrust on regenerative bioeconomy models of green growth, this policy will facilitate the expansion of India’s skilled workforce and provide a surge in job creation.
Aligning with Environmental Goals
An official statement said that the policy will further strengthen the government’s initiatives such as a ‘Net Zero’ carbon economy and ‘Lifestyle for Environment’ and will steer India on the path of accelerated ‘Green Growth’ by promoting a ‘Circular Bioeconomy’.
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