Explain the aims and objectives of the recently launched BioE3 policy. How can the policy help in ensuring "green growth" of the economy?

(1) Promote Invest. and FDI into Green manufacturing (2) Focus upon sectors like Biofuel, Biopolymers, etc (3) Circular Economy : minimal leakages of Resource. (4) Focus on clusterization

II. BioE3 : Environment (1) Focus upon reducing non-Biodegradable wastes. (2) Biopesticides & Biofertilizers over chemical ones. (3) Bio compost for Residue mgmt @ Agri.

Bio E3: Employment I. Skill development @ relevant opportunities. II. Sharing of International Best Practices and cross-country visits for talent exchange progs. III. Focus upon External mobility IV. Enhance domestic Entrepreneurial avenues in E3 sectors. (Ex: Biopesticides)

Transition to Green Growth of Economy: (1) Reduced extraction of natural Resources upon availability of Bio alternatives. (2) Global competitiveness of Indian Industry. (3) Exports Potential and capturing global market. (4) Reducing Imports dependency (Ex: CRUDE OIL) (5) Ensures sustainability by:

• Reduced Emission (Net zero 2070 target)
• Policy Advocacy
• Awareness generation. (6) Encouraging new age Green Business; Ex: Banana leaf to Textile, et (7) Promote R&D and global flow of scientific knowledge.