Cabinet Approves BioE3 Policy to Transform the Biotechnology Sector

Saturday, 24 August 2024, 08:30

Cabinet firms up policy for the biotechnology sector with the launch of the BioE3 initiative. This groundbreaking policy aims to enhance R&D and innovation. By establishing bio-AI hubs and promoting job creation, this initiative will revolutionize the industry and propel India’s green economy forward.
Deccanherald
Cabinet Approves BioE3 Policy to Transform the Biotechnology Sector

Cabinet's Commitment to Biotechnology

New Delhi: The Union Cabinet on Saturday approved the 'BioE3' (Biotechnology for Economy, Environment and Employment) policy to foster high-performance biomanufacturing of the Department of Biotechnology.

Driving Innovation and Job Growth

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 commercialization by establishing biomanufacturing and bio-AI hubs and biofoundries.
  • It prioritizes regenerative bioeconomy models of green growth.
  • The policy facilitates the expansion of India’s skilled workforce and provides 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’.


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.


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