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August 2024

BioE3 (Biotechnology for Economy, Environment and Employment)

Cabinet approved

• The Cabinet approved the BioE3 policy Saturday on 24th August, 2024.

Aim

• India, to become a global biotech powerhouse by fostering high performance bio-maufacturing and addressing the key pillars of the economy, environment and employment.
• With a strong focus on employment, the policy aims to generate jobs in tier-II and tier-III cities by leveraging local biomass

Bio - manufacturing

• Bio-manufacturing is a process that uses biological systems of living organisms to produce commercially viable products. 
• Biodegradable plastic, textiles, food etc, can be bio-manufactured to supplement the growing population demands.
• For instance, to supplement the demand for animal products like milk and eggs, factory-produced milk and eggs can be an alternative.

Under Department of Biotechnology

Department of Biotechnology—which falls under the Ministry of Science and Technology and will lead the implementation of the policy in various sectors with over 21 government ministries

6 thematic verticals - Mulankars

The BioE3 policy will be implemented under six identified thematic verticals and augmented by bio-enablers called the ‘Mulankars’.

1. bio-based chemicals and enzymes;
2. functional foods and smart proteins;
3. precision biotherapeutics;
4. climate resilient agriculture;
5. carbon capture and its utilisation; and
6. futuristic marine and space research.

24,000 billion rupees by 2030

Government estimates show that India’s bio-economy will reach Rs 24,000 billion by 2030 and will account for around 5-6 percent share of India’s GDP.

Public Private creation model

the implementation of the BioE3 policy will be done through a “public-private co-creation model”.

India, globally behind western countries

• If you look at the current situation of biomanufacturing and biotechnology in India, we are at least 10-15 years behind our counterparts in the US and UK.
• The government policies have a very top-down view.
• It has the interests of big companies.
• But innovations happen in start-ups and they are not provided with ample assistance and resources to go from start-ups to MSMEs (micro, small and medium enterprises).
• The state governments also need to be roped in for the better implementation of the policy.

Print

Sectors targeted under BioE3

Key Features

• Innovation-driven support for R&D and entrepreneurship
• Establishment of Bio-manufacturing & Bio-AI hubs and Biofoundry
• Focus on regenerative bioeconomy models for green growth
• Expansion of India’s skilled workforce
• Alignment with ‘Net Zero’ carbon economy and ‘Lifestyle for Environment’ (LiFE) initiatives PIB