Asserting that he wants to create a Rs 50,000-crore ethanol economy, Union Minister for Road TransportNitin Gadkari said the bio-fuel will benefit both “ecology and economy”.
Addressing an event here, Gadkari said a lot of years went into convincing about ethanol use but in the last five years, the policy related to ethanol has been implemented in true sense.
“Chairman from a big oil company came to meet me recently. I told him you spend Rs 10,000 crore in purchasing hydro-carbo properties in other countries, but why do you spend only Rs 2,000 crore in India on the green fuel. Farmers will give you ethanol,” he said.
Gadkari said today a lot of oil companies and others are going into the right direction in the field of green fuel.
