About

• In 2024, the Union Cabinet approved a proposal to bolster biotechnology-based manufacturing, called ‘BioE3 (Biotechnology for Economy, Environment and Employment) Policy for Fostering High Performance Biomanufacturing’.
• To be steered by the Department of Biotechnology, the aim is to have it catalyze a technology revolution just as the IT industry revolutionized life in the 1990s.

Key Objectives

• The BioE3 Policy would broadly focus on the following strategic and thematic sectors: smart proteins & functional foods; high value bio-based chemicals, biopolymers & enzymes; precision biotherapeutics; climate resilient agriculture; carbon capture & its utilization; marine and space research.

• The policy will accelerate technology development and commercialization by establishing Biomanufacturing & Bio-AI hubs and Biofoundry. 
  • The ‘Bio-AI Hubs’ will enable discovery research across the sectors, while the ‘Biofoundries & Biomanufacturing Hubs’ will support facilities for pilot scale and pre-commercial scale research.
• 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. 
• The policy aims to facilitate a shift from chemical-based industries to sustainable bio-based models, promoting a circular bioeconomy and working towards achieving net-zero carbon emissions.
• The policy also places a renewed focus on ethical biosafety considerations and global regulatory harmonization.

https://pib.gov.in/PressReleasePage.aspx?PRID=2121135