'India to lead next industrial revolution with biomanufacturing policy'

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'India to lead next industrial revolution with biomanufacturing policy' - Business Standard

Quick Summary:

Laying the foundation of the BioE3 policy, Finance Minister Nirmala Sitharaman in the Interim Budget had announced a new scheme of bio-manufacturing and bio-foundry to provide environment-friendly alternatives such as biodegradable polymers, bio-plastics, biopharmaceuticals and bio agri inputs.

High-performance biomanufacturing involves the production of products ranging from medicine to materials, tackling farming and food challenges, and promoting the manufacturing of bio-based products through the integration of advanced biotechnological processes.

India is positioning itself at the forefront of the next industrial revolution with its new biomanufacturing policy designed to tackle food, energy and climate challenges, officials said on Sunday.