What is BioE3 Policy? How will this policy improve high-performance bio-manufacturing in India?

What's New :

Mains Answer Writing

Category: Science and Technology (GS -III),

Test Date: 28 Aug 2024

Approach

Introduction: Define the BioE3 Policy (Biotechnology for Economy, Employment, and Environment).
- Purpose: Explain the policy's aim to transform India's biomanufacturing sector and align with broader national goals.
- Focus Areas: Highlight the policy’s focus on diverse sectors such as smart proteins, precision bio-therapeutics, and climate-resilient agriculture.
Impact on High-Performance Biomanufacturing
- Economic Growth: It supports the 'Make in India' initiative and contributes to India’s bioeconomy growth, aiming to reach $300 billion by 2030.
- Employment Generation in tier-II and tier-III cities and how bio-manufacturing hubs can stimulate regional economic development.
- Environmental Benefits through innovative waste utilization and carbon capture, aligning with sustainability goals.
Wrap up your answer with a way forward