BIOTECH ENIGMA: ON THE BIOE3 PROPOSAL AND BEYOND

THE CONTEXT: The Indian Cabinet approved the BioE3 policy, which aims to boost manufacturing in the biotechnology sector to enhance the economy, environment, and employment. Despite India’s progress in biotechnology, particularly in vaccine development, the sector has not reached its full potential, necessitating a comprehensive approach to foster industrial growth.

MORE ABOUT THE NEWS:

The BioE3 policy is focused on addressing critical societal challenges such as climate change, food security, and human health through sustainable and innovative biotechnology solutions. It seeks to establish a resilient biomanufacturing ecosystem that can accelerate the development of bio-based products. The policy outlines six strategic thematic sectors:

EVOLUTION OF THE STRUCTURAL SUPPORT TO BIOTECHNOLOGY SECTOR IN INDIA:

Early Development (1980s-1990s):

Growth Phase (1990s-2000s):

IMPLEMENTATION STRATEGY: The BioE3 policy will be implemented by establishing biomanufacturing and bio-artificial intelligence (AI) hubs and biofoundries. These facilities will serve as innovation centers where researchers, startups, and industries can collaborate to translate R&D into commercially viable products. The policy emphasizes the importance of public-private partnerships to drive innovation and commercialization efforts.

THE ISSUES:

  • Dependence on imports: Indian laboratories and startups rely heavily on imported ingredients and devices, reducing the country’s international competitiveness in biotechnology.
  • Lack of local manufacturing ecosystem: Few Indian manufacturers can supply the necessary components for biotechnology research and production.
  • Chronic manufacturing challenges: If not addressed, India’s broader manufacturing issues may hinder this initiative’s success.
  • Long-term investment requirements: The policy needs to establish conditions for sustained capital investment in the biotechnology sector.
  • Collaboration between Centre and States: Effective implementation of the BioE3 policy will require strong cooperation between central and state governments.
  • Need for patience and sustained support: The government must be prepared to provide long-term financial and infrastructural support rather than expecting quick returns on investment.

THE WAY FORWARD:

  • Public-Private Partnerships (PPPs): India’s biotechnology sector can benefit from successful PPP models like the European Union’s Circular Bio-based Europe Joint Undertaking. This initiative has led to over 160 projects promoting competitive circular bio-based industries through collaboration between public entities and private companies.
  • Focus on Applied Research: The global biotechnology industry is expected to grow from USD 412.2 billion in 2023 to USD 465.9 billion in 2024, driven by innovations like gene editing and biopharmaceuticals. India should focus on applied research to capitalize on these emerging trends.
  • Entrepreneurship Programs: The Biotechnology sector in India is expected to grow from 3,500 startups to 10,000 by 2024-25. Entrepreneurship programs can support this growth by providing business skills and mentorship.
  • Circular Bioeconomy: Transitioning to a circular bioeconomy could reduce global waste generation by up to 98% by 2050 and create around 18 million net new jobs by 2030. India can lead in this transition by promoting the use of bio-based products.
  • Collaboration with States: The Bio-based Industries Consortium in Europe demonstrates the importance of collaboration across sectors to overcome regulatory uncertainty and high investment risks. India can replicate this model to ensure the successful implementation of the BioE3 policy.

THE CONCLUSION:

While the BioE3 policy is well-intentioned, addressing India’s manufacturing challenges requires long-term financial and infrastructural support from both the central and state governments. A collaborative effort is essential to ensure the policy’s success and to establish a globally competitive biotechnology sector.

UPSC PAST YEAR QUESTIONS:

Q.1 What are the research in developmental achievements in applied biotechnology? How will these achievements help to uplift the poor sections of society? 2021

Q.2 Why is there so much activity in biotechnology in our country? How has this activity benefitted the field of biopharma? 2018

MAINS PRACTICE QUESTION:

Q.1 Discuss the significance of the BioE3 policy in transforming India’s biotechnology sector. Highlight the challenges that need to be addressed to ensure the success of this initiative.

SOURCE:

https://www.thehindu.com/opinion/editorial/%E2%80%8Bbiotech-enigma-on-the-bioe3-proposal-and-beyond/article68582063.ece

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