Current AffairsIndia

Ethanol is the future, Centre will finance ethanol factories: Gadkari

Mumbai, Oct 5, (IENews) Union Minister for Road Transport & Highways, Shipping, Water Resources, River Development & Ganga Rejuvenation, Nitin Gadkari today said it is time for the country to go for alternative fuel sources such as ethanol, methanol and bio-diesel.

He was speaking at the inauguration of India Chem 2018 – the 10th Biennial International Exhibitions and Conference – Chemical and Petrochemical – Advantage India, in Mumbai yesterday.

Stressing on the importance of alternative fuels, the Minister said that ethanol is the future and government has decided to increase its production.

The Cabinet has given approval to finance ethanol factories.

The Minister said that the country needs to reduce its imports and increase exports and new initiatives for import substitution are very important and need to be supported.

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