Underlining that Modi govt’s decision of allowing ethanol-blending reduced the crude oil import bill, Shah said in two years all cooperative sugar mills should be producing ethanol.
He was addressing the Sugar Industry Symposium organised by National Federation of Cooperative Sugar Industries.
“Modi ji has set a target of 20 per cent ethanol blending by 2030, but we will achieve this target much before by 2025-26,” Shah said as per an official statement issued by Ministry of Cooperation.
He also said that out of about 5,000 crore litres of petrol sold, the requirement of ethanol will be one thousand crore litres.
Shah further said thia decision of Ethanol blending improved environment, benefited farmers as profits of sugar mills increased, Shah said. The Ethanol blending is constantly monitored, by the Prime Minister himself, through the Group of Ministers which reviews and takes decisions every 3 months, the Minister added.
