BIOE3 POLICY (Syllabus: GS Paper 3 – Sci and Tech)

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

BioE3 (Biotechnology for Economy, Environment and Employment) Policy

• About: The policy aims to promote high-performance biomanufacturing.
• Focus: This involves producing diverse products, addressing farming and food challenges, and advancing bio-based manufacturing through advanced biotechnology.
• Innovation-Driven Support: The policy supports R&D and entrepreneurship across various thematic sectors to drive technology development and commercialization.
• Establishment of Hubs: It plans to set up biomanufacturing, bio-AI hubs, and biofoundries to foster innovation and growth.
• Regenerative Bioeconomy Models: Prioritizes green growth and aims to expand India's skilled workforce and boost job creation.
• Strategic/Thematic Sectors: Focuses on high-value bio-based chemicals, biopolymers, enzymes, smart proteins, functional foods, precision biotherapeutics, climate-resilient agriculture, carbon capture, and marine and space research.
• Support for National Initiatives: Aligns with government goals like Net Zero carbon economy and Lifestyle for Environment, and promotes Circular Bioeconomy.
• Vision for a Sustainable Future: Aims to advance a sustainable, innovative future and address global challenges like climate change, food security, and human health.

o The proposed outlay for Vigyan Dhara is Rs 10,579 crore during the 15th Finance Commission period from 2021-22 to 2025-26, Information and Broadcasting Minister Ashwini Vaishnaw told reporters.

o The scheme has three broad components -- science and technology institutional and human capacity building; research and development; and innovation, technology development and deployment.