- Launched in Shillong, Meghalaya
- Launched by Institute of Bio-resources and Sustainable Development (IBSD)
Key Facts:
- The purpose of the mission is to boost rural economy by utilizing bio-resources. Besides, it can create a large number of jobs at village level.
- It also focuses on sustainable utilization of renewable biological resources for food, bio-energy and bio-based products through knowledge-based approaches.
- It has potential to generate new solutions for the planet’s major challenges in the field of energy, food, health, water, climate change and deliver social, economic and environmental benefits.
- Bioeconomy is a new concept and few countries like US, Canada, European Union (EU) and Australia have started initiatives in this field.
- India is the fast-growing bioeconomy at US 35 billion dollars in 2015, which can even rise to USD 100 billion in future