In order to boost rural economy by utilising bio-resources, a National Mission on Bioeconomy was launched by the Institute of Bio-resources and Sustainable Development (IBSD) under the Ministry of Science and Technology. 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. Bioeconomy is a new concept few countries like USA, Canada, European Union and Australia have started initiatives in this field. 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 North East region is among the world’s top 10 biodiversity hot spots and people should take advantage of these resources to improve their economy.
Do you Know ?
Meghalaya the North eastern State of India means the abode of clouds. The State Founded in January 20, 1972.
Capitals: Guwahati (Judiciary), Shillong
Governor : V. Shanmuganathan
Chief Minister: Mukul Sangma
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