New bio­fuel pol­icy on the cards

India Business Journal - - NEWS ROUND-UP -

The gov­ern­ment is plan­ning to bring a new pol­icy to pro­mote use of bio­fu­els in trans­port fuel that will catal­yse huge in­vest­ments in the en­tire value chain. "We will soon take to the Cab­i­net a bio­fuel pol­icy that will pro­vide for in­vest­ment cli­mate, in­cen­tives, gov­ern­ment role and com­mer­cial re­turns for devel­op­ers. The pol­icy will help de­velop a bio­fuel econ­omy worth Rs 1 lakh crore in the next two years," re­vealed Petroleum Min­is­ter Dhar­men­dra Prad­han.

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