- Recently, the Union Cabinet has approved the BioE3 (Biotechnology for Economy, Environment and Employment) Policy for “Fostering High-PerformanceBiomanufacturing”.
- BioE3 Policy will scale up efforts in high-performance biomanufacturing with a stated ambition of achieving a US $300 billion bioeconomy by 2030.
- The Policy will steer India on the path of accelerated ‘Green Growth’ by promoting ‘Circular Bioeconomy’.
Biomanufacturing
Biomanufacturing refers to the use of engineered microbial, plant, and animal (including human) cells with increasing precision and control to produce commercially important products on scale.
Bioeconomy
According to FAO, Bioeconomy is “the production, use and conservation of biological resources, including related knowledge, science, technology, and innovation to provide information, products, processes and services to all economic sectors.
Examples: Sustainable agriculture, sustainable fishing, forestry and aquaculture, food and feed manufacturing, Bio-based products (e.g., bioplastics, biodegradable clothing).
About BioE3 Policy (Biotechnology for Economy, Environment and Employment)
- Aim: To set forth a framework that ensures the adoption of cutting-edge advanced technologies, align innovative research aimed at revolutionizing biomanufacturing processes.
- Implementation: Department of Biotechnology (DBT).
- Salient Features:
- Through this Policy, the government will delineate an ambitious vision to achieve technology leadership and tackle major challenges with focused mission in six thematic sectors:
- Bio-based Chemicals & Enzymes ; Functional
- Foods & Smart Proteins
- Precision Biotherapeutics
- Climate Resilient Agriculture
- Carbon Capture & Utilization
- Futuristic Marine & Space Research
- Through this Policy, the government will delineate an ambitious vision to achieve technology leadership and tackle major challenges with focused mission in six thematic sectors:
Other Initiatives taken to boost Bio-Economy
- National Mission on Bioeconomy, 2016: By the Institute of Bio-resources and Sustainable Development (IBSD) to boost rural economy by utilising bio-resources.
- National Biopharma Mission, 2017: It is an industry-Academia Collaborative Mission for accelerating biopharmaceutical development in the country.
- National Biotechnology Development Strategy 2015-2020: With an aim of establishing India as a world class bio manufacturing hub.
- National Policy on Biofuels, 2018: Aims to promote the production of biofuels from the domestic feedstock, allowing the end-products to be brought into the value chain as green energy.