The Union Cabinet, led by Prime Minister Narendra Modi, has approved the BioE3 (Biotechnology for Economy, Environment, and Employment) Policy aimed at fostering high-performance biomanufacturing in India. The policy is set to bolster innovation, accelerate technology development, and prioritise sustainable growth in the biotechnology sector.
The BioE3 Policy will provide innovation-driven support to research and development (R&D) and entrepreneurship across thematic sectors. The policy will also focus on accelerating technology development and commercialisation through the establishment of Biomanufacturing & Bio-Al hubs and Biofoundries.
A key feature of the policy is the prioritisation of regenerative bioeconomy models aimed at promoting green growth. The policy also aims to expand India’s skilled workforce, facilitating a surge in job creation within the biomanufacturing sector.