India is positioning itself at the forefront of the next industrial revolution with its new biomanufacturing policy designed to tackle food, energy and climate challenges, officials said on Sunday.
Approved by the Union Cabinet on Saturday, the BioE3 policy for fostering high-performance biomanufacturing aims to boost innovation and entrepreneurship in different fields.
High-performance biomanufacturing involves the production of products ranging from medicine to materials, tackling farming and food challenges, and promoting the manufacturing of bio-based products through the integration of advanced biotechnological processes.
Laying the foundation of the BioE3 policy, Finance Minister Nirmala Sitharaman in the Interim Budget had announced a new scheme of bio-manufacturing and bio-foundry to provide environment-friendly alternatives such as biodegradable polymers, bio-plastics, biopharmaceuticals and bio agri inputs.
India aims to lead the next industrial revolution. Unlike the ...
