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Business Economy


Govt aims at Rs 2 lakh crore ethanol economy: Nitin Gadkari

New Delhi, Oct 8 (UNI) Union Minister of Road Transport and Highways Nitin Gadkari on Friday said that the government was aiming at Rs two lakh crore ethanol economy from its present size of Rs 20,000 crore in order to reduce pollution levels in the country.

He said the development of an extensive ethanol industry would mean new markets for the country's biomass and agriculture sector.

Addressing the 2nd annual conference on Alternative Fuels Roadmap for India@75: Moving towards Greener Future, organised by FICCI, Mr Gadkari said the flex-fuel vehicles would play a crucial role to decarbonize the transport sector, making it sustainable for the environment, economy, and ecology.

"We are going to make it compulsory for all vehicle manufacturers to make flex-fuel engines that can run on more than one fuel to reduce pollution," he said and also cited examples of Brazil, Canada, and the USA, where most automobile companies manufacture flex-fuel engines.

''We will tap into the strength of the agriculture sector to produce energy and power. The production of bio-CNG from agricultural waste will solve the crisis of air pollution. "We also want to promote the use of green hydrogen, which can help us accomplish the zero-carbon emission mission,” the minister said.

Mr Gadkari further said that the government intended to have electric vehicle sales penetration of 30 per cent for private cars, 70 per cent for commercial vehicles, 40 per cent for buses and 80 per cent for two and three-wheelers by 2030.

Stating that there was a substantial response seen in the domestic market for electric vehicles like electric rickshaws, cars, scooters, and electric bicycles, he stressed that simultaneously, research on developing high-efficiency batteries and EV components was the need of the hour.

Mr Gadkari applauded the central and state governments for taking necessary initiatives to promote the manufacturing of electric vehicles by framing favourable policies in the form of incentives, GST exemptions, loan facilities, PLI and other schemes.
The minister said NITI Aayog had inspired 25 states to come up with EV policies, out of which 15 had already announced their state EV policy.

"To encourage electric vehicles, battery-operated vehicles have been exempted from payment of fees for issue of renewal of registration and new registration mark," he added.
India, the minister, said had made significant progress towards improving green energy access over the last decade and the government planned to shift public transportation to clean energy sources.
“The generation of bio-CNG from agricultural waste will solve the problem of air pollution caused by the burning of agricultural waste in the field," he said.
The Ministry, Mr Gadkari said, aimed at developing efficient and affordable public transport systems such as metro rail, rapid rail transit, intercity bus services and monorail.
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