Seaweed's $7.5 Billion Potential - From Nuisance to Climate Solution for India
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Seaweed considered a 'nuisance' in the past, now a $7.5 billion opportunity for India with increasing global demand.
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Seaweed is climate-friendly, can replace plastics, and has uses in fuel, food and pharmaceutical sectors.
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India can become a major seaweed cultivator given its large coastline if policy and technical gaps are addressed.
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E-commerce giant Amazon recently announced a $1.6 million grant to fund the world's first commercial seaweed farm off Netherlands.
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Seaweed's ability to absorb large amounts of carbon dioxide from the atmosphere makes it attractive amid climate change.