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

Context: The Centre introduced its BioE3 policy, designed to stimulate growth in the biotech sector through new incentives and opportunities. Initially, the policy appears to be a conventional approach to enhancing biotechnology’s impact on the economy, environment, and employment.

BioE3 (Biotechnology for Economy, Environment and Employment) Policy

• About: The BioE3 Policy primarily concentrate on the following strategic sectors: high- value bio-based chemicals, biopolymers & enzymes; smart proteins & functional foods; precision biotherapeutics; climate resilient agriculture; carbon capture & its utilization; marine and space research.
• Objective: 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.
• Key features of Bio E3:

o The BioE3 policy's key aspects involve supporting innovation-driven R&D and entrepreneurship across various thematic sectors.

o In general, this Policy will bolster the Government's initiatives such as 'Net Zero' carbon economy & 'Lifestyle for Environment' and will guide India towards accelerated 'Green Growth' by encouraging 'Circular Bioeconomy'.

o The BioE3 Policy will nurture an advanced future that is more sustainable, innovative, and responsive to global challenges and sets out the Bio-vision for Viksit Bharat.

Benefit for India

• Biomanufacturing Impact: The BioE3 policy supports biomanufacturing, which is projected to contribute $2-4 trillion to the economy over the next decade.

oBiomanufacturing refers to the use of cells or other living microorganisms to produce commercially viable products.

• Strategic Preparation: The policy aims to build competencies and promote research in biomanufacturing. This will ensure India is well-prepared to leverage future advancements and economic opportunities in the sector.
• Biomanufacturing Hubs: The establishment of biomanufacturing hubs will facilitate the production of specialized chemicals, smart proteins, enzymes, and functional foods, fostering innovation and industry growth.
• Talent Development: The policy emphasizes the need to educate and train young talent in biomanufacturing and related technologies, ensuring a skilled workforce ready to drive future advancements and economic growth.