Union Minister Jitendra Singh announced that the Modi Government’s recently unveiled BioE3 (Biotechnology for Economy, Employment, and Environment) Policy is poised to position India as a global leader in the bioeconomy. Speaking on the transformative policy, Singh emphasised that as India emerges as a global biotech powerhouse, Prime Minister Narendra Modi will be recognised worldwide as a champion of the biotech boom, driving economic growth, innovation, and environmental sustainability.
India’s economy has seen explosive growth, surging from $10 billion in 2014 to over $130 billion in 2024, with projections to reach $300 billion by 2030. The BioE3 Policy is expected to accelerate this momentum, significantly contributing to the ‘Make in India’ initiative by promoting bio-based products with minimal carbon footprints.
Singh highlighted that the BioE3 Policy aims to address critical global challenges like climate change and the depletion of non-renewable resources by shifting from chemical-based industries to sustainable bio-based models. The policy also supports the creation of biomanufacturing hubs, which will play a central role in developing and commercialising bio-based products and fostering innovation through Bio-AI hubs.
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The policy is anticipated to generate substantial employment, particularly in tier-II and tier-III cities, leveraging local biomass sources and enhancing regional economic development. Singh reiterated that the BioE3 Policy aligns with India’s vision of a ‘Viksit Bharat’ (Developed India), showcasing how effective science policies can drive national development and sustainability.
