Reduce oil imports to achieve $5 tln GDP goal: Nitin Gadkari

MUMBAI : Union road transport minister Nitin Gadkari on Friday said using bio-fuels can reduce crude oil imports which will help save foreign exchange on one hand also achieve the $5-trillion GDP goal by 2025.

Gadkari said his ministry has taken various steps to promote bio-fuels like ethanol and butanol which are not only feasible but also desirable for the nation as it will also help reduce the emissions.

“Every year we spend around ₹7 lakh crore on oil imports. In this scenario if we have alternate bio-fuels like ethanol and butanol which can be used in cars and aircraft, why should we not explore those options. They are not just cheap but also pollution-free,” Gadkari said.