'Bio-E3' policy will usher in bio-revolution in India: Jitendra Singh
Bio-E3 policy marks a crucial step in positioning India as a global bio-economy leader and is set to spark a «bio-revolution» in India similar to the IT revolution in the Western world, Union minister Jitendra Singh said on Thursday. The BioE3 policy was formally launched last month and aims to facilitate sustainable and efficient utilisation of biological resources for innovation, scaling-up and bio-manufacturing of specialty chemicals, enzymes, bio-polymers, functional foods, smart proteins, veterinary products, precision bio-therapeutics and services.
Speaking at the Global Bio-India Summit 2024, Singh, the Minister of State (Independent Charge) for Science and Technology, said the policy marks a crucial step in positioning India as a global bio-economy leader.
Singh highlighted the importance of the Global Biotech platform, which brings together a diverse range of stakeholders, including start ups, SMEs, large industries, research institutes, and international bodies.
Underscoring the wide range of opportunities in sectors like bio-pharma, bio-energy, and bio-industrials, which are rapidly evolving and contributing to the nation's bio-economy, he said the Bio-E3 policy focuses on biotechnology for economy, employment, and the environment.
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