Govt aims to revive closed sugar mills by using land for ethanol production
The government is planning to come out with a policy to revive closed sugar mills by using their land for ethanol production, Union Minister Nitin Gadkari said on Monday.
He said the ethanol economy has the potential to reach Rs 1 lakh crore from about Rs 25,000 crore and can reduce the annual Rs 7 lakh crore crude imports.
“A lot of sugar mills are closed… I am going to frame a policy. Condition of these sugar mills is such that they are not getting finances. I want to proceed for a Cabinet note. …Some 5-6 acres of land in a closed sugar mill which can be used for making of ethanol,” Gadkari said.
