Breaking News: India Approves High-Performance Biomanufacturing Policy for Green Growth and Innovation
Saturday, 24 August 2024, 14:41
Policy Approval Boosts Biomanufacturing in India
The Union Cabinet of India has made a massive leap in the biotech sector by approving the high-performance biomanufacturing policy, known as BioE3. This policy is set to drive innovation and green growth, crucial for bolstering the country’s bio-economy.
Key Features of the BioE3 Policy
- Net Zero Emissions Goal: Aimed at reaching 'net zero' emissions by 2070.
- Over Rs 10,579 crore allocated for the 'Vigyan Dhara' scheme.
- Focus on high-value bio-based products.
- Creation of bio-AI hubs and biofoundries.
- Support for climate-resilient agriculture.
Enhancing Efficiency in Fund Utilisation
The merger of existing schemes into 'Vigyan Dhara' aims to streamline processes and boost efficiency in fund utilization, ensuring impactful implementation.
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.