Govt gives nod to BioE3 policy, Vigyan Dhara scheme to foster R&D

The Union Cabinet on Saturday approved the 'BioE3' (Biotechnology for Economy, Environment and Employment) policy for fostering high-performance biomanufacturing of the Department of Biotechnology.

According to Information and Broadcasting Minister Ashwini Vaishnaw, the BioE3 policy seeks to include innovation-driven support for research and development and entrepreneurship across thematic sectors.

This will accelerate technology development and commercialisation by establishing biomanufacturing and bio-AI hubs and biofoundry, he said.

Along with prioritising regenerative bioeconomy models of green growth, this policy will facilitate the expansion of India's skilled workforce and provide a surge in job creation.

An official statement said, the policy will further strengthen the government's initiatives such as a Net Zero' carbon economy and Lifestyle for Environment' and will steer India on the path of accelerated Green Growth' by promoting a Circular Bioeconomy'.

"The BioE3 Polic