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A senior auto industry executive told me the ideal scenario for India would be a 'baseline' of E20 petrol, with consumers free to choose higher or lower blends.
Inaugurating the event, PM Modi asserted that India's solar installed capacity has increased by 20 times over the decade and ethanol blending increased from 1.5per cent to above 12 per cent.
Just because India's increased oil imports proved beneficial after Russia-Ukraine war doesn't mean Modi govt should continue with it. Israel-Hamas conflict could hurt us now.
Ethanol plant in Panipat will process 2.1 lakh metric tonnes of dry rice straw each year to make 3 crore litres of ethanol which will be blended with petrol and sold.
The govt said the rise would boost supplies and help sugar companies to pay their dues to farmers. India also wants to double ethanol blending with gasoline.
Any major diversion of corn usage towards ethanol production would severely impact India's poultry sector. Modi govt's target of E20 by 2025 needs 2G biofuels.
Following the transaction which is expected to be completed by November, Dassault Reliance Aerospace Ltd will become an associate company, with Reliance retaining a 49% stake.
From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.
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