National Mission on Bioeconomy was launched in Shillong by the Institute of Bio-resources and Sustainable Development (IBSD) under the Ministry of Science and Technology.
The mission focuses on sustainable utilization of renewable biological resources for food, bio-based products and bio-energy through knowledge-based approaches.
It could have the potential to generate new solutions for the planet’s major challenges in the field of energy, health, food, water, climate change and deliver social, environmental and economic benefits.
The latest estimate pegs India’s fast-growing bioeconomy at USD 35 billion in 2015, which can even rise to USD 100 billion.
The mission is unique to south-east Asia and India has become one of the few countries to have tapped bio-resources, which when optimally utilized can create a large number of jobs at village level.
