BioE3 Policy and Vigyan Dhara Scheme: A New Era for Innovation in R&D
BioE3 Policy: Transforming the R&D Landscape
The Union Cabinet has approved the BioE3 (Biotechnology for Economy, Environment and Employment) policy, designed to ignite innovation-driven support for research and development in the biotechnology sector. This ambitious initiative focuses on enhancing biomanufacturing capabilities and establishing bio-AI hubs, which will facilitate the commercialisation of cutting-edge technologies.
Strategic Initiatives Under BioE3 Policy
- Innovation-Driven Support: The policy will foster R&D in various thematic sectors, prioritising regenerative bioeconomy models.
- Job Creation: By promoting a skilled workforce, the BioE3 policy aims to create multiple job opportunities.
- Sustainable Practices: Emphasising a Circular Bioeconomy will help address climate change and promote sustainable agricultural practices.
Vigyan Dhara Scheme: Continuation for Development
Alongside the BioE3 policy, the cabinet has approved the Vigyan Dhara scheme, which merges three umbrella initiatives of the Department of Science and Technology into a unified framework.
- Outlay: Proposed funding of Rs. 10,579 crore through the 15th Finance Commission.
- Components: Focuses on capacity building, R&D, and technology development.
This comprehensive approach signifies a strategic investment in India's biomanufacturing ecosystem, underpinning a shift towards a greener future.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.