India Steps into the 'Bio-Revolution' Era with Bio-E3 Policy

The Indian government's Bio-E3 policy aims to establish India as a leader in the global bio-economy, mirroring the IT revolution in the West. It focuses on sustainable use of biological resources for innovation, and manufacturing. Minister Jitendra Singh underscores its significance at the Global Bio-India Summit 2024.

The Indian government's Bio-E3 policy is a pivotal move positioning the nation as a global bio-economy frontrunner, much like the IT revolution's impact on the West. Announced by Union Minister Jitendra Singh at the Global Bio-India Summit 2024, the policy advocates for the sustainable and efficient use of biological resources.

Launched last month, the policy emphasizes the development of specialty chemicals, bio-polymers, functional foods, precision bio-therapeutics, and more. It seeks to merge research with commercial manufacturing, generating employment and driving regional economic growth.

As the biotech industry aims for a $300 billion valuation by 2030, the policy's success hinges on government support and stakeholder collaboration, fostering an innovation-driven environment. Initiatives like the creation of biotech hubs and international partnerships place India at the forefront of the bio-revolution.

(With inputs from agencies.)