India’s bio-fibre exports have tripled in the past year, and demand from China has surged.
The country has been one of the world’s largest exporters of biofuels and has been importing raw materials for manufacturing bio-fuels since 2015.
The country has also become one of its top exporters, and the country has long been a key market for Chinese manufacturers.
India has seen a dramatic growth in the number of Chinese bio-fuel factories.
In April, the Indian government set up a biofuel industry-wide fund, the BioFab Industries and Manufacturing Fund, with the aim of creating manufacturing hubs in the country, according to a news report.
The biofuce product is used to make biofuethanol and is used as fuel in some vehicles.
India is also a major producer of bioengineered materials for biofuers, including the material used in the biofuecollective production of biofuel, according the news report by Bloomberg.
The India BioFab Initiative (IBFI), which has received funds from the Chinese Ministry of Industry and Information Technology, is a joint venture between the government and the Chinese firms BioFab Technologies and BioFab Fabric.
The initiative aims to create manufacturing hubs for biofuel producers in India, which have been struggling to diversify their markets and improve the quality of their products, the report said.
The companies have partnered with India’s National Biofuel Institute to promote the bio-product in India.