India's First Biopolymer Demonstration Facility Inaugurated in Pune
| Aspect | Details |
|---|---|
| Why in the news? | Inauguration of India's first Demonstration Facility for Biopolymers |
| Location | Jejuri, Pune, India |
| Minister Involved | Dr. Jitendra Singh, Union Minister of State for Science and Technology |
| Developed by | Praj Industries |
| Focus Area | Polylactic Acid (PLA) bioplastics production |
| Key Objective | Transition from fossil-based plastics to eco-friendly bioplastics |
| Global Impact | Address global plastic pollution crisis |
| Sustainability Vision | Aligns with India's commitment to a 'Net Zero' carbon economy by 2070 |
| Economic Growth | India's Bioeconomy: $150 billion in 2023, projected $300 billion by 2030 |
| Global Biotech Ranking | 12th globally, 3rd in Asia-Pacific |
| Biotech Startup Ecosystem | Grew from 50 startups in 2014 to over 8,500 in 2023, supported by 95 bio-incubators |
| BioE3 Policy | Approved by the Union, focused on Biotechnology for Economy, Environment, and Employment |
| Partnerships | Collaboration between industry, academia, and government to drive innovation |