Policy for innovation-driven biotech research approved

New Delhi, August 24

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The Cabinet on Saturday approved the Biotechnology for Economy, Environment and Employment policy for fostering high performance biomanufacturing or BioE3 of the Department of Biotechnology. The policy will support innovation-driven support to R&D and entrepreneurship across thematic sectors.

This would accelerate technology development and commercialisation by establishing biomanufacturing and bio-AI hubs and biofoundry, sources said. Besides prioritising regenerative bioeconomy models of green growth, it would facilitate the expansion of India’s skilled workforce and provide a surge in job creation.

The policy will help advance towards a future that is more sustainable and responsive to global challenges. It will focus on thigh value bio-based chemicals, biopolymers & enzymes; smart proteins and functional foods; precision biotherapeutics; climate resilient agriculture; carbon capture; marine and space research.

Nod to Vigyan Dhara scheme

• The Cabinet approved the merger of 3 unified central schemes into a unified ‘Vigyan Dhara’ scheme
• A fellowship scheme for students of Class XI upwards till PhD and even post-doctoral researchers, it provides int’l collaboration in cutting edge research, joint research projects & joint fellowship
• Proposed outlay for Vigyan Dhara is ~10,579 crore