Pune, Union Transport Minister Nitin Gadkari on Monday revealed self-confidence that India will quickly accomplish the primary position in the international car sector, driven by research study and development in alternative fuels, consisting of ethanol and hydrogen.

“In the coming days, due to ethanol, methanol, bio-diesel, LNG, CNG, electric, and hydrogen, a new change in the world will be witnessed because of us,” Gadkari stated while attending to a function to mark the 10th anniversary of World Biofuel Day in India, arranged by Praj Industries.
The Union minister stated India is presently at the 3rd position in the auto sector, “but with the way our research and innovation in alternative fuel is progressing, the day is not far when we will become number one”
The minister stated attaining the leading area would have significant socio-economic advantages.
“It will positively impact the economy, generate employment, and reduce pollution. At present, 85 per cent of our energy is imported, but I am confident that we will transform from being an importer of energy to an exporter,” he included.
Gadkari stated that India’s existing nonrenewable fuel source imports deserve 22 lakh crore, which is not just financially tough however likewise a significant source of contamination.
“To address both these issues, we must focus on alternative fuels and biofuels,” he stated.
Gadkari stated the condition of the farming sector is continually degrading. In regards to GDP contribution, the commercial sector represent 22– 24 percent, the service sector 52 percent, while farming contributes just 12– 14 percent.
60– 65 per cent of our population depends on farming for their income, he included.
“If we want to become Aatmanirbhar and the world’s third-largest economy of USD 5 trillion, the share of agriculture in GDP must increase to 22 to 24 per cent. To realise this goal, our government has adopted an important policy of diversifying agriculture towards the energy and power sectors,” the Union minister included.
He stated a dispute over food and fuel started with the start of ethanol production.
“Today, we have a surplus of sugar, rice, wheat, and corn, and are unable to provide remunerative prices for these crops. For instance, the MSP of corn was ₹1,800 per quintal, but its market price has fallen to ₹1,200 per quintal. After the ethanol policy, in Bihar and Uttar Pradesh, corn prices have risen to ₹2,600 to ₹2,800 per quintal. Corn is now yielding good returns to farmers,” Gadkari stated.
He remembered the days when sugarcane growers needed to wait 2 to 3 years for their payments.
“After the ethanol policy, they are getting their money on time now. In Western Maharashtra alone, nearly 70 per cent of the sugar industry would have faced closure if ethanol production had not started,” he included.
This short article was produced from an automated news company feed without adjustments to text.