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Biofuels have huge potential in augmenting economic growth: Pradhan

New Delhi, Nov 22 (UNI) Minister of Petroleum and natural Gas, Skill Development and Entrepreneurship Dharmendra Pradhan said on Wednesday that 1-G and 2-G Ethanol, Biodiesel, MSW to Fuel and Bio-CNG together with Methanol (DME) have huge potential in augmenting economic growth, generating employment and doubling farmers’ income.
Addressing a consultative workshop on New National Policy on Biofuels & Pradhan Mantri Ji- Van Yojana, he said this will be instrumental in achieving the target of 10 per cent import reduction by 2022 set by Prime Minister Narendra Modi.
He said during the workshop many constructive suggestions related to feedstock management, technology, capacity augmentation, fiscal incentives and Supply chain management were received.
Mr Pradhan said he is happy to share that all the technologies are indigenously developed in India and will immensely boost Make In India campaign.
The workshop was organised by Ministry of Petroleum and Natural Gas for inviting suggestions for drafting a suitable roadmap for Biofuels in India as the government is promoting Biofuels with an objective to reduce dependency on import of crude oil, savings in foreign exchange, provide better remuneration for the farmers and address growing environment concerns in the light of Prime Minister Narendra Modi’s Commitment at COP 21.
During the day long workshop 5 Working Groups on 1-G Ethanol, 2-G Ethanol, Biodiesel, Municipal Solid Wastes to Fuel & Bio-CNG comprising of all the stakeholders (producers, bankers and buyers) deliberated issues related to their segment in detail and came up with many constructive suggestions and inputs.
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Adani Group to Invest Rs 9000 Crore in Andhra Pradesh

24 Feb 2018 | 7:28 PM

Visakhapatnam, Feb 24 (UNI) Adani Group on Saturday signed an agreement with the Andhra Pradesh government to invest over Rs 9,000 crore in various projects, including development of a green field Port at Bhavanapadu, in next five years.

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Lulu Group to Build Rs 2000 Crore Convention Centre, 5 Star Hotel, Mall in Port city

24 Feb 2018 | 7:17 PM

Visakhapatnam, Feb 24 (UNI) UAE-Based Lulu Group will construct an international convention centre, hotel and shopping mall in this coastal Port city of with an investment of Rs 2,000 crores.

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International Business Festival to foster India-UK biz ties

24 Feb 2018 | 7:15 PM

New Delhi, Feb 24 (UNI) About 20 business delegations from India are expected to participate in the third edition of International Business Festival (IBF) being organised in partnership with Department of International Trade - UK government in Liverpool between June 12-28 this year.

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GoM recommends e-way bill implementation from April 1

GoM recommends e-way bill implementation from April 1

24 Feb 2018 | 7:07 PM

New Delhi, Feb 24 (UNI) A Group of State Finance Ministers (GoM) formed under GST Council and headed by Sushil Modi, Deputy Chief minister and Finance Minister, Bihar, has recommended the implementation of the electronic way bill or e-way bill from April 1, 2018.

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Narendra Modi is my favourite entrepreneur: Uber CEO

24 Feb 2018 | 7:06 PM

New Delhi, Feb 24 (UNI) Uber CEO Dara Khosrowshahi has said he admired Prime Minister Narendra Modi's entrepreneurial skills and commitment to progressive economic reforms in India, which accounts for 10 per cent of the total trips on the Uber rides app globally.

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