The meeting was attended by officials of all sugar producing states, oil marketing companies, industry associations and distilleries.
The government's decision to mix ethanol with petrol has helped farmers increase their income as ethanol is derived from farm produce like sugarcane and maize, he said.
Gadkari was speaking at the state-level Sugar Conference 2022 organised by Vasantdada Sugar Institute in Pune.
During the financial year 2021-22, Rs 160 crore were released to NABARD, the nodal bank, under the Ethanol Interest Subvention Scheme of the Department.
To achieve 20 per cent blending by 2025, and to meet the requirement of the chemical and other sectors, about 12 billion litres of alcohol/ethanol would be required.
The rate for ethanol from C-heavy molasses has been increased to Rs 46.66 per litre from Rs 45.69 per litre currently, and that of ethanol from B-heavy to Rs 59.08 per litre from Rs 57.61 per litre, Information and Broadcasting Minister Anurag Thakur said at a media briefing.
Announcing that India is focusing on production and usages of Ethanol for agriculture use, Prime Minister Narendra Modi on Saturday said a roadmap for development in this sector has begun as it has become one of the major priorities of 21st century India.
New Delhi: The Centre’s continued focus on ethanol is a positive for the sugar industry as exports are likely to reduce in SS21 (sugar season 2021), India Ratings and Research (Ind-Ra) said in a report. As per the report, record exports and a resilient domestic demand made sugar one of the few sectors to witness […]