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  1. The Indian Biogas Association (IBA) highlights the potential for a biofuel alliance to create lucrative opportunities valued at $500 billion within the next three years, indicating a significant market growth trajectory for the renewable energy sector.
  2. This projection underscores the vast economic potential of biofuels in India, driven by factors such as increasing awareness of environmental sustainability, government incentives, and technological advancements in bioenergy production.
  3. The formation of a biofuel alliance could catalyze investments, innovation, and collaborations across various stakeholders, including government agencies, private enterprises, and research institutions, to accelerate the development and adoption of biofuel technologies and infrastructure nationwide.

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