Ethanol blending saved Rs. 50k cr forex: PM Modi
PM dedicates IOC’s Rs900-cr 2nd generation ethanol plant to nation, says it’ll help reduce pollution in Haryana, Delhi, and stubble will become a source of income for farmers; Ethanol production rose from 40 crore litres to 400 cr litres in 8 yrs
image for illustrative purpose
Panipat: Prime Minister Narendra Modi on Wednesday said the country saved Rs50,000 crore in foreign exchange (forex) by blending ethanol with petrol in the last seven-eight years.
Dedicating the second-generation ethanol plant of India Oil Corporation (IOC) to the nation here, Modi said that the same amount of Rs 50,000 crore has gone to farmers. Modi, who addressed the gathering through video-conferencing, said the ethanol plant worth Rs900 crore will provide a permanent solution to the problem of stubble burning in farms. Besides, stubble will become a source of income for farmers, Modi said, adding that ethanol production has increased from 40 crore litres to 400 crore litres in eight years.
He said that the second-generation ethanol plant at Panipat will help reduce pollution in Haryana and Delhi. Second-generation ethanol plant uses non-food biomass as feedstock for the production of biofuel.
