![\"\"](\"https:\/\/static.pib.gov.in\/WriteReadData\/userfiles\/image\/1(4)9M2U.JPG\")
<\/p>\nFormally releasing the pathbreaking new Bioeconomy policy at L Media Centre here today, Union Minister of State (I\/C) Science & Technology, Dr. Jitendra Singh hailed India as the global torchbearer of the next Industrial Revolution. He thanked PM Sh Narendra Modi for his support.<\/p>\n
<\/p>\n
\u201cBioE3 policy will prove to be a milestone not only for the bio economy but a game changer for Viksit Bharat @2047\u201d said Dr. Jitendra Singh.<\/p>\n
The Bio E3 policy was recently approved by the Union Cabinet chaired by Prime Minister Narendra Modi. The policy is aimed at \u2018Fostering High Performance Biomanufacturing\u2019 aligned with National initiatives of the government of India such as \u2018Net Zero\u2019 carbon economy and Mission LiFE( Lifestyle for environment).<\/p>\n
Addressing the release ceremony, Union Minister of State (Independent Charge) for Science and Technology, Minister of State (Independent Charge) for Earth Sciences, MoS PMO, Department of Atomic Energy, Department of Space, Personnel, Public Grievances and Pensions, Dr. Jitendra Singh said \u201cAs India emerges as a Global Biotech Powerhouse, Prime Minister Narendra Modi will be hailed across the world as the champion of new Biotech Boom\u201d going further he emphasised that Bharat has an innovative, competitive and a rapidly growing biotech industry.<\/p>\n
![\"\"](\"https:\/\/static.pib.gov.in\/WriteReadData\/userfiles\/image\/2(3)0ICH.JPG\")
<\/p>\n
The Science and Technology Minister said \u201cBioE3 policy will have a momentous impact on various sectors like food, energy and health\u201d. He also highlighted the six thematic themes which were 1. Bio-based chemicals and enzymes; 2. Functional foods and Smart proteins; 3. Precision biotherapeutics; 4. Climate resilient agriculture; 5. Carbon capture and its utilisation; 6. Futuristic marine and space research.<\/p>\n
Reiterating the success achieved in Space and bio-economy sectors the Minister underscored that the PPP model will be an intrinsic part of Bioe3 Policy implementation incentivizing industry to promote employment generation.<\/p>\n
According to Dr. Jitendra Singh \u201cBio-manufacturing and Bio-foundry will drive India\u2019s future bioeconomy and promote “Green Growth”. He categorically remarked that \u201cAfter a policy shift under Prime Minister Shri Narendra Modi, Biotechnology research and Bio StartUps are prioritised and have taken centre stage\u201d.<\/p>\n
![\"\"](\"https:\/\/static.pib.gov.in\/WriteReadData\/userfiles\/image\/3(3)987U.JPG\")
<\/p>\n
\u201cIt is the best time for Bio-Technology, highlighting the progress of biotechnology in India\u201d. He also emphasised India \u2018s resources and said \u201cIndia has a huge wealth of bioresources, an unsaturated resource waiting to be harnessed and an advantage in Biotechnology especially due to the vast biodiversity and the unique bioresources in the Himalayas. Then there is the 7,500 kms long coastline and last year we launched the Deep Sea Mission which is going to dig the biodiversity beneath the seas,\u201d he said.<\/p>\n
Recalling the achievements of the last 10 years, India’s bio economy skyrocketed from $10 billion in 2014 to over $130 billion in 2024, with projections to reach $300 billion by 2030, he reaffirmed that Biotechnology and huge potential for driving the next revolution of 21st<\/sup>\u00a0Generation. He said \u201c IT revolution was West driven the BioTechnology revolution will be India Driven\u201d<\/p>\n Dr. Rajesh Gokhale, Secretary Department OF Bio-Technology and Dr. V.K Saraswat, Member (S&T) Niti Ayog were also present for the release and media interaction.<\/p>\n","protected":false},"excerpt":{"rendered":" Formally releasing the pathbreaking new Bioeconomy policy at L Media Centre here today, Union Minister of State (I\/C) Science & Technology, Dr. Jitendra Singh hailed India as the global torchbearer of the next Industrial Revolution. He thanked PM Sh Narendra Modi for his support. \u201cBioE3 policy will prove to be a milestone not only for …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[136],"tags":[11789,11790,8642],"class_list":["post-16178","post","type-post","status-publish","format-standard","","category-national","tag-dr-jitendra-singh-bioe3-policy","tag-india-industrial-revolution","tag-technological-advancements-in-india"],"yoast_head":"\n