Union Minister Jitendra Singh announced that the Modi Government’s recently launched BioE3 (Biotechnology for Economy, Employment, and Environment) Policy is set to establish India as a global leader in the bio-economy. Highlighting the policy’s transformative impact, he noted that as India ascends as a biotech powerhouse, Prime Minister Narendra Modi Ji will be globally acknowledged as a key driver of the biotech revolution, fostering economic growth, innovation, and environmental sustainability.

India’s bio-economy has experienced remarkable growth, expanding 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 further boost this trajectory, making significant contributions to the ‘Make in India’ initiative by promoting bio-based products with low carbon footprints.

Singh emphasized that the BioE3 Policy aims to tackle pressing global challenges like climate change and the depletion of non-renewable resources by transitioning from chemical-based industries to sustainable bio-based models. The policy also envisions the creation of biomanufacturing hubs, which will be crucial in developing and commercializing bio-based products and driving innovation through Bio-AI hubs.

The policy is projected to create substantial employment opportunities, particularly in tier-II and tier-III cities, by utilizing local biomass sources and promoting regional economic development. Singh reaffirmed that the BioE3 Policy aligns with India’s vision of a ‘Viksit Bharat’ (Developed India), demonstrating how strategic science policies can propel national development and sustainability.