Source: Hong Kong Government special administrative region
The Electrical and Mechanical Services Department (EMSD) announced today (March 27) the rating results of the Liquefied Petroleum Gas (LPG) Cylinder Distributor Safety Performance Recognition Scheme for 2024.
All the 143 distributors under the five registered gas supply companies supplying LPG cylinders in Hong Kong joined the Scheme. Among the participants, 63 attained the highest level of safety performance, the gold rating, while 14 and 66 received silver and bronze ratings respectively.
Under the Scheme, independent auditing companies commissioned by the registered gas supply companies rated the distributors based on their performance in LPG cylinder delivery arrangements, safety inspection of gas appliances, record keeping of customer receipts, employee training and maintaining gas safety operation records. The rating results were verified by the EMSD.
Distributors will display the Scheme’s logo and the rating certificate outside and inside their shops respectively for easy identification.
Organised by the EMSD and registered gas supply companies, the Scheme aims to enhance the safety performance of the LPG cylinder trade. The public may visit the EMSD website (www.emsd.gov.hk/en/media/lpgcdsprs) or download the EMSD mobile application “E&M Connect” for details of the Scheme and the ratings of the distributors.
Source: Hong Kong Government special administrative region
The Labour Department will hold webinars on the abolition of Mandatory Provident Fund (MPF) offsetting arrangement on April 30 (Wednesday) and May 13 (Tuesday) at 3.30pm. Employers, employees and human resources practitioners are welcome to attend.
The abolition of MPF offsetting arrangement will be implemented on May 1 to improve the retirement protection of employees. The Government will at the same time launch the 25-year Subsidy Scheme for Abolition of MPF Offsetting Arrangement (SSA) to share out the severance payment/long service payment expenses of employers after the abolition. The key features of the abolition of MPF offsetting arrangement, the calculation of severance payment/long service payment after the abolition and the main points of the SSA will be introduced in the webinars. The content of the above two webinars is the same.
The online briefings will be conducted in Cantonese via Zoom, and admission is free of charge. Interested participants should enrol in either of the webinars.
The quota will be allocated on a first-come, first-served basis, and the enrolment deadline is April 15 (Tuesday). The enrolment form can be downloaded from the thematic website of the abolition of MPF offsetting arrangement (www.op.labour.gov.hk/en/pdf/Enrolment Form_webinar_Eng.pdf). For enquiries, please call 2852 3921.
Source: Hong Kong Government special administrative region
Customs Commissioner meets Minister of General Administration of Customs (with photo) Mr Chan continued his visits in Guangzhou and Shenzhen today (March 27). He separately met with the Director General of the Guangdong Sub-Administration of the GACC, Mr Li Kuiwen; the Director General in Huangpu Customs District, Mr Jin Hai; the Director General in Guangzhou Customs District, Mr Li Quan; and the Director General in Shenzhen Customs District, Mr Zheng Jugang, to exchange views on issues of mutual concern. He also visited the Nansha Automobile Port of Guangzhou Port and Luohu Port in Shenzhen.
Mr Chan will return to Hong Kong tomorrow (March 28). Issued at HKT 18:20
Source: Hong Kong Government special administrative region
The Secretary for Environment and Ecology, Mr Tse Chin-wan, today (March 27) attended the 2025 Macao International Environmental Co-operation Forum & Exhibition (MIECF) in Macao and officiated alongside officials of the Macao Special Administrative Region (SAR) Government and other guests at the opening ceremony.
The 2025 MIECF was held with the theme of “Innovation and Green Development – Solutions to Build Beautiful Cities”. The exhibition booth of the Environment and Ecology Bureau is presenting a number of innovative initiatives adopted by the Hong Kong SAR Government departments and local industries. There are information boards on carbon reduction strategies such as carbon neutrality, energy saving and environmentally friendly buildings, green transportation, community waste reduction and smart technology. Videos on related topics demonstrate the application of innovative technologies in environmental protection continuously promoted by the Hong Kong SAR Government.
Mr Tse also paid a courtesy call on the Secretary for Transport and Public Works of the Macao SAR Government, Mr Tam Vai-man, to exchange views on various environmental subjects and collaboration opportunities.
Mr Tse said that to further seize the opportunities brought by the country’s dual carbon strategies, the Environment and Ecology Bureau and the Environmental Protection Department are strengthening co-operation and exploring growth opportunities with neighbouring regions while supporting local innovation and technology development. These efforts include strengthening exchanges and collaboration with cities in the Guangdong-Hong Kong-Macao Greater Bay Area in building low-carbon communities, developing decarbonisation technologies, promoting low-carbon products and nurturing talent. The goal is to achieve carbon neutrality before 2050 and reduce carbon emissions by half before 2035 as compared to the 2005 level.
After touring the exhibition and exchanging views with Hong Kong exhibitors, Mr Tse returned to Hong Kong in the early afternoon.
Source: Hong Kong Government special administrative region
The Hong Kong Fire Services Department (FSD), the Fire and Rescue Corps of Guangdong Province, and the Macao Fire Services Bureau held a 48-hour Guangdong-Hong Kong-Macao Greater Bay Area (GBA) joint emergency response and rescue exercise, “Liancheng-2025”, in Hong Kong from March 25 to today (March 27). The exercise aimed to gauge the effectiveness of the emergency mobilisation and co-ordination mechanism under the GBA Emergency Response and Rescue Operational Plan.
The exercise simulated Hong Kong experiencing extreme weather conditions, including a super typhoon and torrential rain, leading to severe incidents such as building collapses, large-scale landslides, extensive flooding and paralysed transport systems in various districts. Due to the strain on local rescue resources, the Hong Kong Special Administrative Region Government requested assistance from the People’s Government of Guangdong Province and the Macao Special Administrative Region Government, according to the mechanism under the Operational Plan.
The Fire and Rescue Corps of Guangdong Province promptly deployed 60 members, 13 fire appliances and over 900 items of rescue equipment, while the Macao Fire Services Bureau deployed 15 members, five fire appliances, and over 300 items of rescue equipment to render assistance to Hong Kong. The two teams respectively entered Hong Kong through the Shenzhen Bay Port and the Hong Kong Port of the Hong Kong-Zhuhai-Macao Bridge via the cross-boundary Green Channel to participate in the exercise.
The exercise, mainly taking place at the Fire and Ambulance Services Academy, was conducted under the joint emergency command mechanism led by the FSD to co-ordinate personnel and resources allocation. The three rescue teams jointly participated in operations such as a rescue in a flooded basement, a search and rescue operation in a collapsed structure, as well as handling mass casualty and hazardous chemical leakage situations. They also took part in a rescue operation in Lei Yue Mun, where a severe flooding scenario in the low-lying coastal area of Sam Ka Tsuen was simulated. The rescue teams worked together to build a floating bridge and assist the trapped villagers in an emergency evacuation.
The Deputy Director of Fire Services (Operations), Mr Angus Wong, who acted as the commander of the Hong Kong cross-border rescue team, stated that by simulating real disasters, the three rescue teams enhanced synergy in rescue strategy and equipment deployment, laying a solid foundation for establishing a GBA rescue network.
“Liancheng-2025”, hosted by the FSD, had participation from the fire and rescue departments of the three places, as well as the Hospital Authority and the Civil Aid Service. The exercise was funded by the Hong Kong Jockey Club Charities Trust. It effectively put cross-departmental and cross-disciplinary disaster response capabilities to test, with substantial progress demonstrated in strengthening consolidated rescue efforts of the GBA in response to major disasters.
Source: Hong Kong Government special administrative region
​Hongkong Post announced today (March 27) that, with the provision of transit assistance by other postal administrations, postal services to the following destinations will resume from March 28. Details are given below:
Service to resume
Destinations
Air letter and packet
Andorra, Ascension, Benin, Bhutan, Bosnia and Herzegovina, Botswana, Central African Rep., Chad, Comoros, Congo (Rep.), Democratic Republic of the Congo, Equatorial Guinea, Eritrea, Gabon, Guatemala, Honduras (Rep.), Lesotho, Liberia, Libya, Niger, Nigeria, Rwanda (Rep.), Seychelles, Sierra Leone, St. Helena, Tanzania (United Rep.), Tristan da Cunha, Uganda, Uruguay, Zimbabwe
Surface letter and packet
Moldova
Additional conveyance time may be required for mail items destined for these destinations, as mail items to these destinations have to be transited via other postal administrations.
Source: Hong Kong Government special administrative region
The Centre for Food Safety (CFS) of the Food and Environmental Hygiene Department announced today (March 27) that in view of a notification from the World Organisation for Animal Health (WOAH) about an outbreak of highly pathogenic H5N1 avian influenza in Ostrzeszów District of Wielkopolskie Region in Poland, the CFS has instructed the trade to suspend the import of poultry meat and products (including poultry eggs) from the area with immediate effect to protect public health in Hong Kong.
A CFS spokesman said that according to the Census and Statistics Department, Hong Kong imported about 6 600 tonnes of frozen poultry meat from Poland last year.
“The CFS has contacted the Polish authority over the issue and will closely monitor information issued by the WOAH and the relevant authorities on the avian influenza outbreak. Appropriate action will be taken in response to the development of the situation,” the spokesman said.
Source: Hong Kong Government special administrative region
The following is issued on behalf of the Hong Kong Monetary Authority:
The Hong Kong Academy of Finance (AoF) announced the admission of 23 senior executives for the Financial Leaders Programme (FLP) 2025 today (March 27). The 23 participants come from a diverse spectrum of financial sub-sectors including banking, insurance, investment banking and asset management, professional services, fintech and financial regulatory bodies.
The AoF launched the FLP in 2022, with the aim to inspire and nurture the next generation of senior financial leaders for Hong Kong, equipping them with a mindset to lead, enhancing their understanding of financial issues from macro and systemic perspectives, and expanding their professional network.
The FLP offers a unique opportunity for participants to engage in dialogue with top leaders in financial services and other sectors. Each year, the FLP admits around 20 promising financial talents from a diverse background at around two levels below the chief executive officer position. The programme is conducted on a part-time basis. A total of 63 participants have graduated since the launch of the programme.
The 2025 Programme was open for application from November 5 to December 15, 2024, receiving enthusiastic response and many high-quality applications. Following a competitive selection process, the Membership Committee of the AoF approved the admission of 23 applicants.
Further information about the FLP and the 2025 cohort are available on the AoF website.
India’s bioeconomy has grown from $10 billion in 2014 to $165.7 billion in 2024, with a target of $300 billion by 2030.
The sector contributes 4.25% to GDP with a compound annual growth rate (CAGR) of 17.9% over the past four years.
The government aims to make India a global bio-manufacturing hub driven by innovation, sustainability, and inclusive development.
BioE3 promotes regenerative biomanufacturing and supports a circular bioeconomy aligned with India’s net-zero goals.
The National Biopharma Mission, co-funded with the World Bank ($250 million), supports over 100 projects and 30 MSMEs.
India is among the top producers of vaccines globally and developed the world’s first DNA COVID-19 vaccine.
Ethanol blending increased from 1.53% in 2014 to 15% in 2024, with a target of 20% by 2025.
Introduction
India’s bioeconomy has undergone a remarkable transformation over the past decade, growing sixteen-fold from $10 billion in 2014 to an impressive $165.7 billion in 2024. This exceptional expansion reflects the nation’s focused efforts to position biotechnology as a cornerstone of sustainable economic growth and innovation. Contributing 4.25% to the national GDP, the sector has demonstrated a robust compound annual growth rate (CAGR) of 17.9% over the past four years, reinforcing India’s emergence as a rising global force in biotechnology. With an ambitious target of $300 billion by 2030, the bioeconomy is poised to play a pivotal role in shaping India’s future as a knowledge-driven, bio-enabled economy.
The bioeconomy is the use of renewable biological resources to produce food, energy and industrial goods, which supports sustainability and economic growth. Innovations like gene editing and bioprinting are driving progress, while integration across sectors strengthens long-term impact. By aligning biotechnology with digital tools and circular economy principles, the bioeconomy offers sustainable solutions to environmental challenges and promotes overall societal well-being.
India’s Vision for a Thriving Bioeconomy
India’s vision for the bioeconomy is rooted in innovation-led growth, sustainable development, and inclusive economic progress. The country aims to become a global hub for bio-manufacturing, backed by strong R&D infrastructure, cutting-edge technologies, and a skilled scientific workforce. The focus is on creating a resilient industrial ecosystem that promotes the development and commercialization of new biotech products, while unlocking opportunities in both urban and rural regions. With an ambitious target of achieving a $300 billion bioeconomy by 2030, India also seeks to lead globally in bio-pharma, including vaccines, diagnostics, and therapeutics. This strategy directly contributes to the broader goals of India@2047, emphasizing sustainability, economic self-reliance, and green growth.
Government Initiatives and Key Programmes
BioE3 Policy (Biotechnology for Economy, Environment, and Employment)
BioE3 (Biotechnology for Economy, Environment and Employment) Policy marks a significant leap in India’s biotechnology sector. Approved by the Union Cabinet on 24th August 2024, the policy aims to transform India into a global biotech powerhouse by fostering high-performance biomanufacturing and addressing key pillars of the economy, environment, and employment.
It aligns with the vision of a cleaner, greener, and more prosperous future by promoting regenerative biomanufacturing and a shift from chemical-based industries to sustainable bio-based models. This supports a circular bioeconomy and aligns with the goal of net-zero carbon emissions. This approach supports environmental sustainability and contributes significantly to the ‘Make in India’ initiative by fostering the development of biobased products with minimal carbon footprints.
Strategic Sectors and Key Initiatives
The BioE3 Policy introduces key initiatives such as advanced biomanufacturing facilities, bio-foundry clusters, and bio-AI hubs to support bio-based product development and commercialization. These centers will bridge lab-to-market gaps and foster collaboration across startups, SMEs, and industry. With a strong focus on employment, the policy aims to generate jobs in tier-IIand tier-III cities by leveraging local biomass. It also emphasizes ethical biosafety and alignment with global regulatory standards to boost India’s global biotech competitiveness.
Key Features
Innovation-driven support for R&D and entrepreneurship
Establishment of Biomanufacturing & Bio-AI hubs and Biofoundry
Focus on regenerative bioeconomy models for green growth
Expansion of India’s skilled workforce
Alignment with ‘Net Zero’ carbon economy and ‘Lifestyle for Environment’ (LiFE) initiatives
National Biopharma Mission
The National Biopharma Mission (NBM)-Innovate in India (i3), is a government-approved initiative led by the Department of Biotechnology (DBT) and implemented by BIRAC. It aims to boost India’s capabilities in biopharmaceuticals, vaccines, biosimilars, medical devices, and diagnostics by fostering collaboration between industry and academia. With a budget of $250 million, co-funded 50% by the World Bank, the mission supports 101 projects, involving over 150 organisations and 30 MSMEs. It has helped set up 11 shared facilities for testing, validation, and manufacturing—benefiting start-ups and MSMEs. These include GCLP labs for vaccine testing, GLP labs for biosimilar analysis, and cGMP facilities for manufacturing. The mission has also generated over 1,000 jobs, including 304 scientists and researchers. Additionally, the Genome India Programme, which involves sequencing 10,000 genomes, is expected to shape future global healthcare strategies, both in treatment and prevention.
Key Achievements in India’s Pharma Sector:
India has emerged as a global hubfor affordable, high-quality medicines, ranking 3rdin pharmaceutical production by volume and 14th by value.
Developed the world’s first DNA vaccinefor COVID-19, showcasing innovation in global health.
Produces 65% of the world’s vaccines, significantly benefiting low- and middle-income countries.
The “Make in India”initiative is reducing dependency on imported Active Pharmaceutical Ingredients (APIs) through strengthened domestic manufacturing.
Pharma industry has transitioned from a generic-focused model to developing biopharmaceuticals and biosimilars.
India is working on thefirst indigenous HPV vaccine to prevent cervical cancer in adolescent girls.
Every third tabletconsumed globally is manufactured in India, demonstrating global trust in Indian pharma.
Bio-agriculture
Agricultural biotechnology in India is advancing rapidly through innovations in genomics, transgenics, and gene editing under the Department of Biotechnology’s Agriculture Biotechnology programme.
Climate-Smart Crops: A drought-tolerant, high-yielding chickpea variety SAATVIK (NC 9) has been approved for cultivation.
Genome-Edited Rice: Loss-of-function mutations in yield-limiting genes have led to improved rice lines like DEP1-edited MTU-1010, showing higher yields.
Genotyping Arrays: India’s first 90K SNP arrays—IndRA for rice and IndCA for chickpea—enable DNA fingerprinting and variety identification.
Amaranth Resources: A genomic database, NIRS techniques, and a 64K SNP chip aid nutritional screening and development of anti-obesity amaranth varieties.
Biocontrol: A nano-formulation from Myrothecium verrucaria offers eco-friendly control of powdery mildew in tomato and grape.
Kisan-Kavach: An anti-pesticide protective suit enhances farmer safety from toxic exposure.
Biotech-KISAN is a scientist-farmer partnership programme launched to empower farmers, especially women and those in rural and tribal areas, through agricultural innovation and scientific interventions. It follows a hub-and-spoke model and is active across 115 Aspirational Districts in India.
State-wise Impact:
Chhattisgarh (Bastar region): Income rose by 40–50% through improved bio-fortified rice; 2173 farmers benefitted.
West Bengal:37,552 farmers (including 28,756 women) trained with 14 scientific farming practices; 14 FPOs and 134 FIGs formed.
Madhya Pradesh:67,630 farmers benefitted via technology adoption across 8 Aspirational Districts.
Jharkhand (Deoghar):69–100% increase in cocoon and compost production; 2100 families covered.
Meghalaya & Sikkim:18–20% yield increase in maize, turmeric, tomato; pest reduction by 50%.
Bioenergy
India’s bioenergy sector is playing a transformative role in strengthening the country’s bioeconomy. Ethanol blending has seen a significant rise—from 1.53% in 2014 to 15% in 2024, with a target of 20% blending by 2025. This shift has not only reduced crude oil imports by 173 lakh metric tons but also saved Rs. 99,014 crores in foreign exchange and cut 519 lakh metric tons of CO₂ emissions.
The economic ripple effect is substantial, with Rs. 1,45,930 crores disbursed to distillers and Rs. 87,558 crores to farmers, reinforcing rural incomes and agro-industry linkages. Fuel diversification is gaining momentum through the launch of E100 fuel at over 400 outlets and the availability of E20 fuel at over 15,600 retail stations.
Bioenergy is a form of renewable energy that is derived from recently living organic materials known as biomass, which can be used to produce transportation fuels, heat, electricity, and products.
Supportive policies have encouraged the use of varied feedstocks, including maize, damaged rice, and sugarcane byproducts, backed by structured incentives. Second-generation ethanol refineries are converting agricultural residues like Parali and bamboo into fuel, strengthening the circular economy and reducing pollution. These developments highlight how bioenergy contributes to energy security, sustainability, and rural development—key pillars of India’s expanding bioeconomy.
Boosting Biotech Innovation Through BIRAC Initiatives
The Biotechnology Industry Research Assistance Council (BIRAC), established by the Department of Biotechnology in 2012, plays a pivotal role in nurturing India’s biotech startup ecosystem. With 95 bio-incubation centres set up nationwide, BIRAC supports startups through funding, infrastructure, and mentorship.
Key schemes include:
Biotechnology Ignition Grant (BIG): Up to ₹50 lakh for 18 months to support early-stage startups; nearly 1,000 innovators supported.
SEED Fund: ₹30 lakh equity support for proof-of-concept stage startups.
LEAP Fund: ₹100 lakh equity support for commercialisation-ready innovations.
जनCARE – Amrit Grand Challenge: Supported 89 digital health tech innovations in AI, ML, telemedicine, and blockchain, with a focus on tier-II, tier-III cities and rural areas.
Towards a Bio-Enabled Future
India’s bioeconomy stands at a defining moment, with its integrated approach to innovation, sustainability, and inclusive development setting a global benchmark. Through robust policy frameworks, cutting-edge research, and a strong emphasis on collaboration across sectors, the nation is well on track to redefine its industrial and environmental landscape. The convergence of bio-manufacturing, bio-agriculture, and bioenergy not only strengthens national resilience but also signals India’s strategic intent to lead in the emerging global bioeconomy. As India moves forward, this cohesive and future-oriented vision lays the foundation for a more sustainable, self-reliant, and bio-enabled economy, firmly aligned with the aspirations of India@2047.
The Government of India, in consultation with the Reserve Bank of India, has finalised its borrowing programme for the first half (H1) of FY 2025-26.
Out of Gross Market borrowing of₹14.82 lakh crore budgeted for FY 2025-26,₹8.00 lakh crore (54.0%) is planned to be borrowed in H1through issuance of dated securities, including ₹10,000 crore of Sovereign Green Bonds (SGrBs).
The gross market borrowing of ₹8.00 lakh crore shall be completed through 26 weekly auctions.The market borrowing will be spread over 3, 5, 7, 10, 15, 30, 40 and 50 year securities. The share of borrowing(including SGrBs)under different maturities will be: 3-year (5.3%), 5-year (11.3%), 7-year (8.2%), 10-year (26.2%), 15-year (14.0%), 30-year (10.5%), 40-year (14.0%) and 50-year (10.5%).
The Government will carry out switching/buyback of securities to smoothen the redemption profile.
The Government will continue to reserve the right to exercise greenshoe option to retain an additional subscription of up to ₹2,000 crore against each of the securities indicated in the auction notifications.
Weekly borrowing through issuance of Treasury Bills in the first quarter (Q1) of FY 2025-26 is expected to be ₹19,000 crore for 13 weeks with issuance of ₹9,000 crore under 91 day T-bill, ₹5,000 crore under 182 day T-bill and ₹5,000 crore under 364-day T-bill.
To take care of temporary mismatches in Government accounts, the Reserve Bank of India has fixed the Ways and Mean Advances (WMA) limit for H1 of FY 2025-26 at ₹1.50 lakh crore.
More details may be seen in the detailed Press Releases available on the websites of the Finance Ministry and the Reserve Bank of India.