Why in news?
The BioE3 Policy (Biotechnology for Economy, Environment, and Employment) is a significant government initiative approved by the Union Cabinet in August 2024, aimed at fostering high-performance biomanufacturing in India.

Key Objectives and Features

• Promote cutting-edge technologies and innovation in biomanufacturing.
• Enhance production of bio-based chemicals, enzymes, functional foods, precision biotherapeutics, climate-resilient agriculture, carbon capture/utilization, and marine and space biotechnology.
• Facilitate commercialization of bio-based products through Bio-Enablers and expanding India’s skilled biotech workforce.
• Support India’s vision for green growth, 'Lifestyle for Environment (LiFE),' and a circular bio-economy.
• Establish bio-manufacturing hubs across academia and industry with infrastructure for pilot and pre-commercial scale production.
• Drive employment growth, especially in less developed cities, using local biomass and resources.
• Encourage Public-Private Partnerships and international collaborations to create a globally competitive biotech ecosystem.
• Aspires to achieve a US $300 billion bioeconomy by 2030.

Strategic Thematic Sectors

1. Bio-based chemicals and enzymes
2. Functional foods and smart proteins
3. Precision biotherapeutics
4. Climate resilient agriculture
5. Carbon capture and utilization
6. Futuristic marine and space research

The policy is a milestone in India’s biotechnology journey, emphasizing sustainability, innovation, employment, and economic growth while addressing global challenges such as climate change and food security.

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