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- Union Cabinet approved BioE3 (Biotechnology for Economy, Environment and Employment) Policy.
- The BioE3 Policy is a proposal of the Department of Biotechnology.
- The BioE3 Policy is a policy for fostering high performance biomanufacturing.
- Its salient features include innovation-driven support to R&D and entrepreneurship across thematic sectors.
- This will accelerate technology commercialization and development by setting up Biomanufacturing & Bio-AI hubs and Biofoundry.
- This policy will prioritize regenerative bioeconomy models of green growth and facilitate expansion of India’s skilled workforce.
- Government’s initiatives like ‘Net Zero’ carbon economy & ‘Lifestyle for Environment’ will be strengthened by this policy.
- The BioE3 Policy will foster and advance sustainable future.
- High performance biomanufacturing refers to the ability to make products from medicine to materials.
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