India's bioeconomy to grow from $150B to $300B by 2030, launching first biopolymer facility in Pune for eco-friendly bioplastics.

India's bioeconomy is set to grow from over $150 billion in 2023 to $300 billion by 2030, as announced by Union Minister Jitendra Singh during the launch of the first biopolymer demonstration facility in Pune. This initiative aims to develop eco-friendly bioplastics, showcasing India's commitment to sustainability. Currently, India ranks 12th globally in biotech, supported by 95 bio-incubators and over 8,500 startups, addressing the global plastic pollution issue.

October 13, 2024
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