New Delhi: Speaking at the inaugural function of the 3-day Global Bio-India Summit 2019 in New Delhi today, the Minister for Petroleum & Natural Gas and Steel, Dharmendra Pradhan, said the Government has set a target to achieve 20% ethanol blending of automotive fuels. Dharmendra Pradhan and the Union Minister for Science & Technology, Harsh Vardhan, inaugurated the Summit today, as reported earlier by Indus Dictum.
“When we took charge ethanol blending was less than 1%. Today it has increased to 6% and further we have targeted to achieve 20% ethanol blending,” said Pradhan.
Pradhan said we are committed to work towards greater decarbonisation and making India a gas based economy. Bio-energy will play an important role in this, he explained.
“Through innovations developed by our bio-energy scientists we are now working on utilising waste biomass by converting it into Biofuels. With 600 MT (Metric Tonnes) of biomass, which can be used as raw material, India remains the country with the highest scope for growth of Biofuels,” he added.
“In the future ethanol will be produced from raw materials like excess food grains to help transform our Annadatas to Urjadatas,” said Pradhan.
Pradhan said the Petroleum & Natural Gas Ministry has instituted a Rs 300 crore Startup Fund.
“I have advised my colleagues to keep biofuels as a key focus area and provide stimulus to the industry by giving hand-holding support and offtake guarantee to new and emerging entrepreneurs in the Biofuel sector,” Pradhan said.
In his address, Member of NITI Aayog Vinod K. Paul said the Government and the private sector are working in unison to make Primary Healthcare a success in the country.
“The aspirations of the people of India have risen and from Primary Healthcare, we are now extending our reach to Secondary and Tertiary Healthcare,” Paul said.
Dharmendra Pradha and the Union Minister for Science & Technology Harsh Vardhan later inaugurated the Global Bio-India Exhibition. Vardhan had said at the Summit that India has the potential to emerge a world leader in Biotechnology.
Global Bio-India is one of the largest biotechnology stakeholders conglomerate being held in India for the first time. It has brought academia, innovators, researchers, startups, medium and large companies together on the same platform.
Over 3,000 delegates from around 25 countries and over 15 states of India are participating in the event. Over 200 exhibitors, 275 startups and more than 100 Biotechnology Incubators are participating.
Biotechnology is recognized as the sunrise sector- a key driver for contributing to India’s $5 trillion economy target by 2025.
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