What’s in the news?

• The Union Cabinet has approved the proposal ‘BioE3 (Biotechnology for Economy, Environment and Employment) Policy for Fostering High Performance Biomanufacturing’ of the Department of Biotechnology. 
• The salient features of BioE3 policy include innovation-driven support to R&D and entrepreneurship across thematic sectors. 
• This will accelerate technology development and commercialization by establishing Biomanufacturing & Bio-AI hubs and Biofoundry. 
• Along with prioritizing regenerative bioeconomy models of green growth, this policy will facilitate expansion of India’s skilled workforce and provide a surge in job creation. 
• This Policy 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’. 

https://pib.gov.in/PressReleasePage.aspx?PRID=2048568