BioE3 Policy (Biotechnology for Economy, Environment, and Employment)

Approval

The Union Cabinet, chaired by PM Narendra Modi, approved the BioE3 Policy, initiated by the Department of Biotechnology.

Objective

To promote high-performance biomanufacturing and foster innovation in biotechnology for economy, environment, and employment.

Key Features

• Innovation-Driven Support: Focus on R&D and entrepreneurship across various biotechnology sectors.
• Biomanufacturing Hubs: Establish Biomanufacturing & Bio-AI hubs and Biofoundries to accelerate technology development and commercialization.
• Regenerative Bioeconomy: Support green growth and sustainable economic models.

Goals

• Contribute to government initiatives like ‘Net Zero’ carbon economy and ‘Lifestyle for Environment’ (LiFE).
• Promote a circular bioeconomy to achieve sustainable development and address global challenges.
• Expand the skilled workforce and create new jobs in biotechnology.

Strategic Sectors

• High-value bio-based chemicals, biopolymers, and enzymes.
• Smart proteins and functional foods.
• Precision biotherapeutics.
• Climate-resilient agriculture.
• Carbon capture and utilization.
• Marine and space research.

Importance

The BioE3 Policy supports India's transition to a more sustainable and innovative economy, aligning with the vision for a ‘Viksit Bharat’ (Developed India).