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In News:Biotech enigma: On the BioE3 proposal and beyond
The government has recently launched the BioE3 policy to boost manufacturing in the biotechnology sector. In this line, describe the salient features of the BioE3 policy and what implications it would have on the bioeconomy in India.
BioE3 (Biotechnology for Economy, Environment, and Employment) policy aims to foster high-performance biomanufacturing in India. It aligns with the nation’s goals of achieving a net-zero carbon economy and promoting sustainable lifestyles.
Salient features of BioE3 policy:
- Innovation-driven support: The policy encourages research and development (R&D) and entrepreneurship in various bio-based sectors.
- Biomanufacturing and bio-AI hubs: It promotes the establishment of these hubs to accelerate technology development and commercialization.
- Regenerative bioeconomy: The policy prioritises sustainable and eco-friendly bioeconomy models.
- Skilled workforce development: It aims to expand India’s skilled workforce to meet the growing demands of the bioeconomy.
Implications of BioE3 policy:
- It will significantly impact sectors such as food, energy, and health, while also reinforcing India’s innovative and competitive biotech industry.
- It will further strengthen Government’s initiatives such as ‘Net Zero’ carbon economy & ‘Lifestyle for Environment’ and will steer India on the path of accelerated ‘Green Growth’ by promoting ‘Circular Bioeconomy’.
- It will foster and advance future that is more sustainable, innovative, and responsive to global challenges and lays down the Bio-vision for Viksit Bharat.
- It helps to address some of the critical societal issues-such as climate change mitigation, food security and human health.
It is important to build a resilient biomanufacturing ecosystem in our nation to accelerate cutting-edge innovations for developing bio-based products. The BioE3 policy has the potential to play a significant role on this line.
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