India News Today: Approval of Biomanufacturing Policy Accelerates Innovation
India News: Policy on High-Performance Biomanufacturing
NEW DELHI: The Union Cabinet has approved a groundbreaking biotech policy focused on high-performance biomanufacturing, dubbed BioE3. This initiative is set to foster innovation and promote green growth within India's evolving bio-economy.
Details of the Biomanufacturing Initiative
- BioE3 aims to drive technology development and enhance entrepreneurship.
- It will establish biomanufacturing hubs and support the production of bio-based products.
- The policy targets high-value bio-based chemicals, precision biotherapeutics, and climate resilient agriculture.
Vigyan Dhara Scheme
The Cabinet also approved the continuation of the Vigyan Dhara scheme, which integrates multiple sub-schemes into a unified structure. With an allocation exceeding Rs 10,579 crore for 2021-26, it aims to enhance efficiency and synergies among R&D and technology deployment programs.
With these transformative policies, India positions itself as a leader in the biotech sector, paving the way for accelerated green innovation.
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.