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
Adopting more flexible policies and addressing existing challenges in customs, payments, and logistics will help Indian exports meet the target of USD 200-300 billion in e-commerce export by 2030, says a report released by EY in association with ASSOCHAM.