Prime Minister attended an event on Friday on the occasion of World Biofuel Day. He addressed a diverse gathering of farmers, scientists, students, entrepreneurs, government officials, and legislators at Vigyan Bhawan.
The Ministry of Petroleum and Natural Gas has been celebrating the World Biofuel Day on August 10. The Ministry organised the event to highlight the importance of the biofuels and emphasised the initiatives taken by the govt in the biofuel sector.
While addressing the gathering Mr Modi said “Ethanol blending programme was started during the Vajpayee government. But previous governments did not take ethanol programme seriously. Now we will produce 450 crore litre of ethanol in next four years from existing 141 crore litre. It will result in import savings of Rs 12,000 crore.”
Mr Modi even shared that 12 new biofuel refineries have been planned which involves an investment of Rs 10,000 crore. This will breed employment to 1.5 lakh youth. The govt is also planning to add 10% ethanol blending in petrol by 2022 and 20 per cent by 2030.
Prime minister also informed that 175 bio-CNG plants have been established in the country and soon vehicles running on this source of energy, would be a part of the country.
India imports more than 80 per cent of oils. So, use of biofuel will minimise the import rate. The use of biofuel will even increase the income of farmers and will even contribute to constructing good economy of the country.
Narendra Bhai Modi also launched a web portal ‘Parivesh’ a single platform for the clearance of environmental, forest, wildlife and Coastal Regulation Zone and also released a book on National Biofuel Policy, 2018.
A biofuel is generated through contemporaneous biological processes, such as agriculture and anaerobic digestion. It minimises the import bill and reduces dependency on crude oil. It even contributes to a cleaner environment and helps in enhancing the earning of farmers. It also generates employment in rural areas.