"India Will Lead the World, Bio-E3 Policy is a Game Changer"
UV INDIA NEWS: Union Minister Dr Jitendra Singh stated that the new Bio-E3 policy is a game changer. India will lead the world in the field of biotechnology. The Union Cabinet approved the Bio-E3 policy on Saturday.
The Bio-Economy, Environment, and Employment policy is designed to strengthen initiatives related to the economy, environment, and sustainable lifestyle, making it a significant step towards India’s green development. It aims to enhance the balance between greenhouse gas emissions and their removal from the atmosphere, supporting the government's goal of a 'Net Zero' carbon economy.
Key Points of the Bio-E3 Policy:
- The policy is expected to create new employment opportunities and strengthen the country’s economy.
- Dr Jitendra Singh mentioned that India's economy was worth $10 billion in 2014, which has grown to over $130 billion in 2024 and is projected to reach $300 billion by 2030.
- The policy will also promote the development of bio-based products and contribute to the 'Make in India' initiative.
The minister highlighted that the new policy will propel India further along the path of green development, supporting sustainable lifestyles and enhancing efforts against climate change by increasing the amount of renewable energy and balancing greenhouse gases in the atmosphere.
