Excelsior Correspondent
NEW DELHI, Nov 27: Informing the Lok Sabha about India’s new Bioeconomy related “BioE3” policy, Union Minister for Science & Technology Dr Jitendra Singh said, the objective of the “BioE3” Policy is to set forth a framework that ensures the adoption of cutting-edge advanced technologies, and aligning innovative research for promoting Biomanufacturing.
In reply to a question, the Minister said , the “BioE3″ policy outlines guidelines and principles for enabling mechanisms for ‘Fostering High Performance Biomanufacturing’ in the country across diverse sectors. The Policy aims at revolutionizing the biomanufacturing process for enhanced efficiency, sustainability, and quality while also accelerating the development and production of bio-based high-value products.
Highlights of achievements of India Bioeconomy over the last ten years are as follows: As in December 2023, Bioeconomy contributes 4.25% to India’s Gross Domestic Product (GDP) of $3.55 trillion.Indian Bioeconomy has grown from $10 billion in 2014 to $151 billion in 2023, achieving this target two years ahead of projections for 2025.Number of Biotech Startups have grown from 50 Biotech Startups in 2014 to 8,531 Biotech Startups in 2023.
DBT-BIRAC have issued a joint call to invite proposals for setting up of BioEnablers – Biofoundries and Biomanufacturing Hubs” in the country. All the proposals received are under evaluation.
The Minister’s reply further elaborated that BioE3 Policy aims at accelerating development of technologies for bio-based products and their commercialization by setting up of BioEnablers that include Bio-Artificial (Bio-AI) Intelligence Hubs, Biofoundries and Biomanufacturing Hubs across the country. Bio-AI hubs will be set up to augment research and innovation for the development of technologies for bio-based products across the identified thematic sectors/subsectors of Biomanufacturing, by powering data-driven research and AI informed predictive analytics.
The Bio Foundries and Biomanufacturing Hubs will aim at setting up of infrastructure/ facilities for augmenting scale up of technologies for bio-based products. The key performance indicators (KPIs) for meaningful success have been identified in terms of setting up of Bio Foundries and Biomanufacturing Hubs.
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