Science & Technologyv3 · 3 versions
India's Bioeconomy & BioE3 Policy
India's bioeconomy - output built on living systems and biotechnology - reached $195.3 billion in 2025, and the Department of Biotechnology's 2024 BioE3 policy steers public support toward biomanufacturing to lift it to $300 billion by 2030. It is in the news because a biodegradable plastic made of polylactic acid (PLA) was launched commercially under BioE3 on 24 September 2026, with a ₹75 crore BIRAC grant behind a 100 TPA pilot plant.
Last updated 26 September 20266 min read
Latest update
Adds the first commercial product under BioE3: on 24 September 2026 a biodegradable plastic made of polylactic acid (PLA) was launched, developed by Balrampur Chini Mills from sugar feedstock, with a ₹75 crore BIRAC grant for a 100 TPA pilot plant at Kumbhi, Uttar Pradesh. The card is also rebuilt around the policy core - approval, aim, six thematic areas, target, funding and infrastructure - with the August 2026 speech remarks taken out.
- BioE3
- bioeconomy
- BIRAC
- DBT
- Biopharma SHAKTI
- IBER 2026
- biomanufacturing
- National Biofoundry Network
- polylactic acid
- PLA bioplastic
- Balrampur Chini Mills
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