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India Moves to Operationalize BioE3 Framework in Push for $300 Billion Bioeconomy by 2030

Government agencies are translating the BioE3 blueprint into action by launching pilot manufacturing projects alongside regional innovation missions, paving the way for bio-AI hubs, bio-foundries as well as biomanufacturing centres.

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Photo: SNS
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Overview

  • At World Bioproduct Day, Science and Technology Minister Jitendra Singh reiterated India’s commitment to a $300 billion bioeconomy target for 2030.
  • The Department of Biotechnology, BIRAC and iBRIC+ have begun supporting pilot-scale biomanufacturing and region-specific innovation missions under the BioE3 Policy.
  • The framework calls for establishment of bio-AI hubs to drive data-driven research, bio-foundries to scale technologies and biomanufacturing centres for sustainable production.
  • India’s biotech startup ecosystem has surged to nearly 11,000 firms from around 50 in 2014, propelled by policy support and institutional partnerships.
  • The nation’s bioeconomy, valued at an estimated $165.7 billion in 2024, is now generating green jobs and bolstering rural livelihoods through bioproducts.