The highways ministry will ask its petroleum counterpart to set up ethanol pumps in the country in a bid to make India’s ethanol economy Rs 2 lakh crore in size, minister of road transport and highways Nitin Gadkari said.
The move will open up opportunities for sugarcane farmers in the country and create jobs in the agriculture sector, he said.
“We are requesting the petroleum ministry to allow the permission for ethanol pumps.We have a huge potential for manufacturing ethanol in the country,” Gadkari said while addressing a press conference here on Friday.
The ethanol economy last year (FY 19) was Rs 11,000 crores and is expected to go up to Rs 20,000 crore in FY 20, Gadkari said, adding that he is aiming for the sector to become Rs 2 lakh crores in size.
If Rs 2 lakh crores can be diversified for the farmers, it will create more employment for the agriculture sector, reduce the country’s import bill, and contribute to the country’s GDP, Gadkari said. Read More