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Saturday, November 27, 2021

Cabinet decision: Approval of 4573 crore interest subvention for ethanol distilleries

Many important decisions were taken in the meeting of the Union Cabinet on Wednesday. An important decision in this was on the interest subvention for ethanol distilleries. Union Petroleum Minister Dharmendra Pradhan gave this information in the press conference after the meeting. Many other major decisions were taken in the cabinet meeting chaired by Prime Minister Narendra Modi.

Modified scheme approved to increase distillation capacity

Dharmendra Pradhan told the press conference that the Cabinet has approved an interest subvention of Rs 4573 crore for the new distilleries producing ethanol. A modified scheme has been approved to improve ethanol distillation capacity to produce first generation ethanol in the country. First generation ethanol is made from grains, (rice, wheat, barley, corn and sorghum), sugarcane and beet etc.

Pradhan said that at present, India has a capacity to produce 684 million liters of ethanol. Our ethanol procurement sugar has increased from 38 crore liters to 173 crore liters in 2019-20. India needs about 1000 crore liters of ethanol to be mixed with petrol by 2030 to reduce dependence on imports to meet oil requirements.

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Multi-model logistics hub to be built in Greater Noida

With this, the Modi Cabinet approved the formation of Multi-Model Logistics Hub and Multi-Model Transport Hub (MMTH) in Greater Noida, Uttar Pradesh. Information and Broadcasting Minister Prakash Javadekar said that the cabinet also approved the establishment of an industrial corridor network at Krishnapatnam in Andhra Pradesh and Tumkur in Karnataka. He said that a cost of Rs 7,725 crore is estimated on these proposals, while more than 2.8 lakh people are expected to get employment.

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