Indian Government to Prepare Policies on Alternative Fuels
March 1, 2017http://www.livemint.com/Politics/WVxosXBaocJfa1TyNOaJMM/Govt-to-prepare-policy-on-alternative-fuels-Nitin-Gadkari.html
| |
The Indian government is set to make a biofuel policy framework that will help increase farmers' income, cut down crude oil imports and encourage global automobile companies to launch their flexible fuel vehicles in the country.
The government wants to have more alternative fuels on the country's energy mix to moderate petroleum product consumption. India is currently the third largest energy consumer in the world after the US and China. Prime Minister Modi, in 2015, previously set a target of reducing import dependence on hydrocarbons by 10% by 2022.
The move is part of Prime Minister Narendra Modi's plan to increase farm production by 2022. The move will also facilitate setting up close to 1,500 industrial units for ethanol production in villages, creating more job opportunities. The government projects that the alternate fuel industry could be worth 1 trillion rupees.
The government wants to have more alternative fuels on the country's energy mix to moderate petroleum product consumption. India is currently the third largest energy consumer in the world after the US and China. Prime Minister Modi, in 2015, previously set a target of reducing import dependence on hydrocarbons by 10% by 2022.
The oil ministry is set to prepare two policies: one on the production of ethanol from various agriculture sources and another on the production of methanol from coal. Once implemented, the move could bring down crude oil import bill by Rs1 trillion.
| |
Biotech Updates is a weekly newsletter of ISAAA, a not-for-profit organization. It is distributed for free to over 22,000 subscribers worldwide to inform them about the key developments in biosciences, especially in biotechnology. Your support will help us in our mission to feed the world with knowledge. You can help by donating as little as $10.
-
See more articles:
-
News from Around the World
- NABDA Trains Seed Council on GM Seeds Detection
- Media Houses in Uganda Call for Increased Public Sensitization on GMOs
- Mozambique Plants First GM Maize Field Trial
- Kenyan Lawmakers Ask for Homegrown GM Crops Research
- Iowa State University Researchers Identify Genetic Mechanisms that Govern Plant Growth and Drought Response
- Penn State Research Challenges Widely Accepted Vision for Agriculture, Says it may be Inaccurate, Misleading
- New Gene for Atrazine Resistance Found in Waterhemp
- US EPA Approves Three Varieties of GE Potatoes
- Australian OGTR Receives License Application for Field Trial of GM Sorghum
- Young Scientist Award Goes to Hidden Hunger Fighter
-
Research Highlights
- The Importance of NAC Gene Family in Developing Drought-Resistant Soybean
- BdPP2CA6 Gene Positively Regulates Salt Tolerance in Transgenic Arabidopsis
-
Beyond Crop Biotech
- Gene-Edited Pigs Resist Major Viral Disease
-
Plant
- Gene Editing Could Boost Vegetable Supplies
- Development of High-Amylose Rice through CRISPR/Cas9
-
Read the latest: - Biotech Updates (April 24, 2024)
- Gene Editing Supplement (April 24, 2024)
- Gene Drive Supplement (February 22, 2023)
-
Subscribe to BU: - Share
- Tweet