New Delhi, Prime Minister Narendra Modi on Friday said the government is investing significantly in the effort to transform biomass to biofuel as biofuels can provide fresh momentum to India in the 21st century.
Addressing an event to mark World Biofuel day here the PM said 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.
He said the government has planned to set up 12 modern refineries which will provide a large number of employment opportunities.
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
On the occasion,the Prime Minister also released a booklet on “National Policy on Biofuels 2018.”