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Source-This post on BioE3 Policy Initiative has been created based on the article “Biotech enigma” published in “The Hindu” on 30 August 2024.
UPSC Syllabus-GS Paper 3 – Science and technology – Awareness in the fields of IT, Space, Computers, Robotics, Nanotechnology, Biotechnology
Context– The Cabinet has approved the BioE3 or Biotechnology for Economy, Environment and Employment proposal, aimed at boosting biotechnology manufacturing. Though the budget is not yet specified, the initiative seeks to harness biotechnology for economic growth and environmental benefits.
Since 1986, India’s Department of Biotechnology has been key in advancing vaccines, diagnostics, and biological products, helping establish the country as a global leader in vaccine production.
What are the issues with Biotechnology Sectors?
1) Biotechnology has not had the same transformative impact as IT. While it encompasses high-value areas such as gene-modification, bioplastics, biomaterials, and advanced medical devices, India has not made significant progress in these fields.
2) India has considerable expertise and a skilled workforce, yet only a few biotechnology firms have gained global prominence due to their reliance on imported ingredients and devices for product development.
Read More- Making of a biotech hub
What are the Strategic Focus Areas of BioE3?
The BioE3 initiative encompasses six strategic verticals:
A) Bio-Based Chemicals and Enzymes: Development of sustainable chemicals and enzymes derived from biological sources.
B) Functional Foods and Smart Proteins: Creation of foods with enhanced health benefits and proteins with advanced functionalities.
C) Precision Biotherapeutics: Innovations in targeted therapies for personalized medicine.
D) Climate-Resilient Agriculture: Agricultural practices and technologies designed to withstand climate change.
E) Carbon Capture: Technologies aimed at capturing and reducing carbon emissions.
F) Futuristic Marine and Space Research: Exploration of biotechnology applications in marine environments and outer space.
What is the significance of BioE3 Policy Initiative?
1) Transition to Sustainable Industries– It will ensure transition from fossil-fuel-based industries to ones that use natural and sustainable resources. This is essential for tackling global issues like non-biodegradable waste and carbon emissions.
2) Implementation and Collaborative Efforts– The BioE3 policy aims to create bio-foundries and bio-AI hubs to encourage collaboration among biotechnologists. However, the success of this initiative depends on addressing persistent manufacturing challenges.
3) Domestic Production and Global Competitiveness -It will increase domestic production, cut import reliance, and improve global competitiveness.
What should be the way forward?
A) A supportive environment for long-term investment in biotechnology should be advanced.
B) The policy needs cooperation between Central and State governments and must receive financial and infrastructure support to succeed.
Question for practice
What challenges does the biotechnology sector face, and what is the importance of the BioE3 Policy Initiative?
