Information and Broadcasting Minister Ashwini Vaishnaw said that the Cabinet, chaired by Prime Minister Narendra Modi, also approved the Bio E3-Biotechnology for Economy, Environment, and Employment policy to foster high-performance biomanufacturing. Mr. Vaishnaw said that the policy will provide innovation-driven support to research and development and entrepreneurship across thematic sectors.The main objectives of this policy include innovation-driven support for R&D and entrepreneurship across thematic sectors. It aims to accelerate technology development and commercialisation by establishing biomanufacturing, bio-AI hubs, and biofoundries. In addition to prioritising regenerative bioeconomy models of green growth, this policy will facilitate the expansion of India’s skilled workforce and boost job creation. Overall, this policy will further strengthen government initiatives such as the Net Zero carbon economy and Lifestyle for the Environment. The Bio E3 Policy will promote a future that is more sustainable, innovative, and responsive to global challenges.

The Cabinet also approved the continuation of three umbrella schemes, which have been merged into a unified central sector scheme named Vigyan Dhara, with an outlay of 10,579 crore rupees. This scheme comprises three broad components: Science and Technology Institutional and Human Capacity Building, Research and Development, and Innovation, Technology Development, and Deployment.