With reference to the 'BioE3 (Biotechnology for Economy, Environment and Employment) Policy', consider the following statements:
1.It is an initiative of the Ministry of Science and Technology to promote high-performance biomanufacturing and a circular bioeconomy.
2.Developing precision biotherapeutics and climate-resilient agriculture are among the core thematic sectors identified under the policy.
Which of the statements given above is/are correct?