Economy

Bangladesh, Sri Lanka keen to import ethanol from India: Gadkari

Bangladesh and Sri Lanka are keen to start importing ethanol from India. Nitin Gadkari, Minister of Road and Transport Highways said that the issue has already been discussed with the governments of these countries.

“I was able to discuss this matter with PM of Bangladesh and even the Sri Lankan minister. Both are keenly interested about import of ethanol from India for adding ethanol into petrol in Bangladesh and Sri Lanka,” Gadkari said at a CII-organised conference on bio-energy. Gadkari will also meet Petroleum Minister Hardeep Singh Puri to discuss the issue further.

The Narendra Modi government has laid the emphasis on increasing production of ethanol from various items such as sugar molasses, sugarcane and other materials which have sugar content. India has already reached the set target of blending 10 per cent ethanol with petrol. The target is to touch 20 per cent blending by 2025. It was only 1.53 per cent in 2013-14.

The increased use of ethanol will boost India’s renewable energy segment while leading to a huge saving of foreign exchange.

Last year Toyota launched its flex fuel version of Corolla Altis. Many other companies are also gearing up launch hybrid vehicles. Flex-fuel vehicles (FFV) are essentially automobiles with engines that can run on flexible fuel which can be a combination of petrol mixed with ethanol or even ethanol alone.

IN Bureau

Recent Posts

“Whatever the verdict, our relationship with US will only grow”: EAM Jaishankr on US Presidential Elections

External Affairs Minister S Jaishankar held a joint presser with his Australian Counterpart Penny Wong,…

2 hours ago

‘Political space given to extremist forces’: EAM Jaishankar on attacks on Hindu temples in Canada

External Affairs Minister, S Jaishankar expressed concerns about the recent attacks on the Hindu temples…

3 hours ago

Coast Guard Chief S Paramesh calls on Navy Chief Admiral, deliberates on ICG’s operational readiness

Indian Coast Guard Chief Director General S Paramesh has called on Indian Navy Chief Admiral…

3 hours ago

North Korea launches short-range ballistic missiles ahead of US elections

Just a few hours ahead of the presidential polls in the United States, North Korea…

3 hours ago

Brampton: Thousands take out solidarity rally against attacks on Hindu temples in Canada

Over a thousand Canadian Hindus gathered outside the Hindu Sabha Mandir in Brampton, Canada on…

4 hours ago

Jaishankar meets Australian counterpart Penny Wong for Foreign Ministers’ Framework Dialogue in Canberra

External Affairs Minister S Jaishankar was welcomed by Australian Foreign Minister, Penny Wong, at the…

4 hours ago