The report recommends fiscal incentives, regulatory changes, and government-backed support for research and development to promote the growth of this environmentally sustainable industry.
It aligns with India's broader goals under the BioE3 policy, which seeks to promote bio-manufacturing, create a circular economy, and achieve net-zero carbon emissions.
This financial support is essential to help offset the high initial production costs and make bioplastics more economically viable.
The report also suggests reducing GST rates on bioplastic products to 12 per cent, further encouraging businesses to invest in the sector.
Denne historien er fra September 18, 2024-utgaven av The Daily Guardian.
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Denne historien er fra September 18, 2024-utgaven av The Daily Guardian.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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