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India's first Biopolymer Demonstration Facility was inaugurated in Jejuri, Pune on October 14, 2024. Developed By: Praj Industries.
Focus: The facility focuses on the production of Polylactic Acid (PLA) bioplastic, an eco-friendly alternative to conventional fossil-based plastics.
Significance: This development marks a crucial step in India's journey towards sustainable and earth-friendly solutions.
Economic Impact: The development of biopolymers is expected to significantly boost India's bioeconomy, which grew by over $150 billion in 2023 and is projected to reach $300 billion by 2030.