The Indian government has approved a new BioE3 policy, aiming to use biotechnology to boost the economy, protect the environment, and create jobs.
The policy, reported by ANI, a partner of TV BRICS, seeks to establish India as a global leader in biotechnology by 2047.
BioE3 aims to complement, not replace, traditional methods by leveraging biotechnology solutions to address India’s development challenges. The policy envisages three key strategies: establishing research centres and research groups, bridging gaps in biotechnology development, and setting up new biotechnology centres.
“The strategy of the programme is to create a more sustainable and innovative economy through which India can tackle global challenges such as climate change and pollution,” a government statement said.
The policy seeks to encourage innovation and commercialisation of biotechnological developments, leading to the establishment of special centres and biotechnology companies. More than 21 ministries and over 8,000 biotech startups are expected to participate in the policy’s implementation.
The BioE3 policy is expected to come into effect by December of this year and is projected to create new jobs, increase GDP, and strengthen sustainable development.
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