World Biofuel Day: PM Modi reveals the plan to set up 12 modern biofuel refineries

Addressing a diverse gathering of stakeholders on the eve of World Biofuel Day in New Delhi, the Prime Minister, Mr Narendra Modi informed that the government's target is to take save about Rs 12,000 crore worth foreign exchange through ethanol blending programme over the next four years

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The Prime Minister, Mr Narendra Modi addressing the gathering at the inauguration of the “World Biofuel Day 2018” programme, in New Delhi on August 10, 2018.

New Delhi: The Prime Minister, Mr Narendra Modi addressed an event to mark World Biofuel Day in New Delhi. He addressed a diverse gathering, consisting of farmers, scientists, entrepreneurs, students, government officials, and legislators.
He said biofuels can provide fresh momentum to India in the 21st century. He added that it is fuel produced from crops, which can change lives of people in both villages and cities.

He said that the plan to produce ethanol from biofuel was initiated when Mr Atal Bihari Vajpayee was the Prime Minister. After 2014, a roadmap was prepared for the Ethanol Blending Programme. He said that besides providing benefit to farmers, this move helped save foreign exchange worth Rs 4000 crore last year, and the target is to take this number to about Rs 12,000 crore over the next four years.

The Prime Minister said that the Union Government is investing significantly in the effort to transform biomass to biofuel. There is a plan to set up 12 modern refineries. A large number of employment opportunities will be created in the process.

The Prime Minister said that schemes such as Jandhan, Vandhan and Gobardhan are helping to transform the lives of the poor, the tribal population, and the farmers. He said that the transformative potential of biofuels can be realized only through the participation of students, teachers, scientists, entrepreneurs and the people. He urged everyone present to help take the benefits of biofuel to the rural areas.

The Prime Minister also released a booklet on “National Policy on Biofuels 2018.” He also launched the “Proactive and Responsive Facilitation, by Interactive and Virtuous Environmental Single-window Hub” (PARIVESH).