BioE3 Policy: A Catalyst for Research and Development in India
Transformation Through BioE3 Policy
Prime Minister Narendra Modi has hailed the approved BioE3 policy, also known as Biotechnology for Economy, Environment and Employment, as a landmark initiative. This policy is set to enhance scientific advancement by encouraging high-performance bio-manufacturing as per the Department of Biotechnology.
Innovation-Driven Support
According to Information and Broadcasting Minister Ashwini Vaishnaw, the policy will focus on fostering research and development and promoting entrepreneurship across various thematic sectors.
- Environmental Preservation
- Employment Creation
- Scientific Research Promotion
In a recent post, Modi emphasized how the BioE3 policy would enhance industrial and societal advancements in the future.
Encouraging Young Innovators: Vigyan Dhara Scheme
Modi has also announced the Vigyan Dhara scheme, which aims to inspire scientific research among young minds. This initiative is expected to propel India toward becoming a leader in research and technology.
- Science and Technology Capacity Building
- Research and Development
- Innovation and Technology Deployment
The Union Cabinet has allotted a total outlay of Rs 10,579 crore for the Vigyan Dhara scheme from 2021 to 2026, ensuring sustainable growth in these sectors.
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.