News > India needs a national bioplastic policy with fiscal incentives: Report

India needs a national bioplastic policy with fiscal incentives: Report

To offer capital subsidies of up to 50 per cent in bioplastic sector on eligible investments over five years is one of the key recommendations made through a recent report by EY and ASSOCHAM titled "Incentivising Bioplastics, a Biopolymer". The report recommends fiscal incentives, regulatory changes, and government-backed support for research and development to promote the growth of this environmentally sustainable industry.