Union Cabinet Approves BioE3 Biomanufacturing Policy
Summary: The Union Cabinet of India, led by Prime Minister Narendra Modi, approved the BioE3 policy on August 25, 2024. The “Biotechnology for Economy, Environment, and Employment” (BioE3) policy aims to integrate biotechnology into traditional supply chains to enhance sustainability, drive economic growth, and create new jobs. The policy focuses on technological development, recycling innovations, and fostering integrated research networks. It is expected to position India as a global leader in biomanufacturing, creating over 8,000 biotechnology startups and contributing significantly to India’s GDP by 2047. The BioE3 policy envisions a sustainable and innovative future by addressing critical global challenges like climate change and resource depletion.
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