Kochi: On Thursday, the scientific community looked forward to a surge in investments aimed at boosting India’s bioeconomic sector, following the introduction of the new BioE3 policy. This policy is expected to drive growth in the sector to Rs 25 lakh crore by 2030.
The Rajiv Gandhi Centre for Biotechnology (RGCB) in Thiruvananthapuram has started laying the groundwork for Kerala's transition from chemical-based industries to bio-manufacturing hubs. These hubs are set to play a key role in addressing challenges related to food, energy, and climate change while supporting the country’s economy.
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Dr. Chandrabhas Narayana, Director of RGCB, welcomed the move towards bio-manufacturing. According to a statement from RGCB, the centre will organise a series of programs across Kerala to raise awareness about the BioE3 policy among various stakeholders.
At a panel discussion with officials from the Department of Science and Technology (DST), RGCB expressed enthusiasm about leading Kerala in implementing the BioE3 policy. "Approved last weekend, the policy, which stands for biotechnology for economy, employment and environment, aims to use the power of bio-manufacturing for a cleaner and greener India," the release said.
This marks the beginning of a state-wide initiative featuring workshops and discussions focused on BioE3. Experts believe the policy will significantly advance the country's efforts toward carbon-neutrality.
The policy is expected to help industries meet growing demands for food and fuel, while also creating new job opportunities. During the event, experts addressed questions from startups about funding, collaboration with research institutes, necessary permissions, and turning innovations into commercially viable products.
Agencies
Published: 30 Aug 2024, 07:47 am IST
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