Industrial Hemp as a Sustainable Alternative for Indian Businesses

Abstract

 Abstract — In the current times when the world is facing numerous environmental issues, it is crucial to scrutinize accessible and superior alternatives that are sustainable. Hemp is a valuable plant because all the parts can be repurposed commercially. It has been with human civilization for thousands of years. However, the plant is still considered "taboo" in India. Hemp has gained traction lately in the country, but the growth compared to global market has been staggered. We examined the characteristics of the plant that make it so diverse, expanding on themes like history, biology, ecology, legalities, perceptions and the related industrial market. Primary data was collected to get insights into the industry by interviewing Business Owners and Employees from various start-ups in India. A mixed method study was conducted to understand the perceptions and awareness of the general populace about the hemp plant. India's potentially tremendous industrial hemp output has not been optimized because of the laws that hamper growing commercial quality hemp produce. The study addresses gaps and prospects for the industry and aims to impart relevant knowledge about the boons of the plant and a call-out for a change at the systemic level to incorporate the utilization of this magnificent plant.