Source- This post on BioE3 Policy for High-Performance Biomanufacturing has been created based on the article “Cabinet approves BioE3 (Biotechnology for Economy, Environment and Employment) Policy for Fostering High Performance Biomanufacturing” published in “PIB” on 26th August 2024.
Why in News?
The Union Cabinet has approved the ‘BioE3 (Biotechnology for Economy, Environment, and Employment) Policy’ proposed by the Department of Biotechnology. This policy aims to foster high-performance biomanufacturing in India.
About BioE3 Policy
1. High-performance biomanufacturing leads to the manufacturing of bio-based products through the integration of advanced biotechnological processes.
Aim: to build a resilient biomanufacturing ecosystem to tackle global challenges such as climate change mitigation, food security, and human health.
2. The policy focuses on industrializing biology to promote sustainable and circular practices, which are crucial for addressing critical societal issues.
3. Focus: The BioE3 Policy concentrate on the following strategic sectors: 1) High-value bio-based chemicals, Biopolymers & enzymes; 2) Smart proteins & functional foods; 3) Precision biotherapeutics; 4) Climate-resilient agriculture; 5) carbon capture & its utilization; 6) marine and space research.
4. The BioE3 Policy supports the government’s initiatives for achieving a ‘Net Zero’ carbon economy and promoting sustainable lifestyles.
5. The policy will guide India toward accelerated green growth by advancing circular bioeconomy practices, fostering a more sustainable and innovative future.
Key Features of the BioE3 Policy
1. Innovation Support: The policy encourages R&D and entrepreneurship across various sectors to drive technological development and commercialization.
2. Creation of Biohubs: It proposes establishing Biomanufacturing & Bio-AI hubs and Biofoundries to advance technology and strengthen the bioeconomy.
3. Regenerative Bioeconomy: The policy emphasizes models that promote green growth, sustainable development, and a circular bioeconomy.
4. Workforce Development: It focuses on expanding the skilled workforce and creating jobs in the biotechnology sector to boost economic growth.
About High-Performance Biomanufacturing
1. High-performance biomanufacturing refers to the advanced production of a wide range of products, from medicines to materials, along with addressing agricultural and food-related challenges.
2. It focuses on promoting the development of bio-based products through the integration of cutting-edge biotechnological processes.
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