India's 'BioE3' policy aims to drive biotech innovation through biomanufacturing, bio-AI hubs, and bio-foundries, focusing on precision therapeutics and biologics. Organ-on-chip technology, valued at $1.4 billion by 2032, offers a more accurate drug testing platform, reducing animal use and speeding up drug development. Investments and collaborations globally highlight the technology's potential, while India faces challenges in interdisciplinary collaboration and regulatory navigation to fully utilize this technology.