India adopts biofuels policy

According to the 'Business Line' news network, the Indian Cabinet has just approved a national policy on biofuels, which facilitates the development and utilization of huge biological resources for biofuel production. .

The seeds of castor plants can be used in biofuel production.(Photo: Internet)

In the announcement on December 24, the Indian Cabinet also approved the establishment of the National Biofuels Coordinating Committee and the Biofuels Steering Committee.

The coordination committee will be headed by the Prime Minister with the task of guiding and coordinating policies. The steering committee is chaired by the Cabinet Secretary, who oversees the implementation of the policy.

According to the policy, biofuel production will use raw materials that are not used for food in the wasteland, secondary land and degraded land.

The policy also set a target to achieve 20% of biofuels by 2017, and also suggested that the minimum support price for biofuel used for biofuels be announced to create a reasonable price framework fair for farmers.

The policy also stipulates the minimum purchase price for biofuels to be announced in stages.

The statement said: 'The main driving force will be devoted to research, development and implementation with a focus on the cultivation, processing and production of biofuels, including second generation biofuels'. . In addition, financial incentives, including subsidies, should be considered specifically for second-generation biofuels if necessary and the establishment of a National Biofuel Fund.