Why in the News
The Government has highlighted the early achievements of the Biotechnology for Economy, Environment and Employment (BioE3) Policy, demonstrating growing investments and capacity in India’s biomanufacturing sector.
What is the BioE3 Policy?
- Full form: Biotechnology for Economy, Environment and Employment (BioE3) Policy.
- Approved: 2024 by the Union Cabinet.
- Implementing Agency: Department of Biotechnology (DBT).
- Objective: Promote high capacity biomanufacturing to drive economic growth, environmental sustainability, and employment generation.
Key Features of the Policy
- Focus Areas: The policy identifies six thematic sectors:
- Bio based chemicals.
- Smart proteins.
- Precision biotherapeutics.
- Climate resilient agriculture.
- Biofuels and carbon capture.
- Marine and space biotechnology.
- Funding Pattern:
- Government support of up to 70% of project cost.
- Remaining contribution from the private sector.
- Industry Participation:
- Over 600 beneficiaries have utilised BioE3 facilities.
- Private investment commitments have reached about ₹602 crore.
- Long term Goal: Support India’s vision of a $300 billion bioeconomy by 2030.
What is Biomanufacturing?
- Definition: The production of chemicals, fuels, materials, pharmaceuticals and other products using biological systems such as microorganisms, enzymes or engineered cells.
- Benefits:
- Reduces dependence on fossil fuel based manufacturing.
- Promotes sustainable industrial production.
- Supports the circular bioeconomy.
What is a Biofoundry?
- A highly automated research facility that designs, builds, tests and analyses biological systems.
- Accelerates the development of new biotechnology products through automation and artificial intelligence.
[2026] Which of the following statements with regard to GenomeIndia Project is/are correct ?
1. It is a part of the Human Genome Project.
2. The project is funded by the Department of Biotechnology (DBT), Government of India.
3. Its primary aim is to build a catalogue of genetic diversity of the Indian population.
Select the answer using the code given below:
[A] 1 only
[B] 2 and 3 only
[C] 1 and 2 only
[D] 1, 2 and 3