Report recommends a national bioplastics policy in India with incentives, regulatory changes, and support for agriculture, innovation, and job creation.

A report by EY and ASSOCHAM advocates for India to create a national bioplastics policy, supported by fiscal incentives like 50% capital subsidies and research funding. It recommends regulatory changes, including mandated bio-plastic usage and reduced GST rates, to enhance industry growth. The policy aims to leverage agriculture for sustainability, promote job creation, and foster innovation through bioplastics clusters, positioning India as a leader in this sector.

September 17, 2024
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