Correct option is A
Strategic Importance: The establishment of this facility supports India's goals of achieving a 'Net Zero' carbon economy by 2070 and positions the country as a leader in the global bioeconomy.
Developed By: Praj Industries.
- Purpose: To produce Polylactic Acid (PLA) bioplastics using indigenous technology, offering sustainable alternatives to fossil-based plastics.
- Economic Impact: The bioeconomy sector is a significant contributor to India's economy, with projections indicating growth from $150 billion in 2023 to $300 billion by 2030.