Will consider setting up ethanol pumps across India: Nitin Gadkari

The size of ethanol market is pegged at Rs 11,000 crore, which would go up to Rs 20,000 crore by the end of this fiscal.

Published: 13th July 2019 08:39 AM  |   Last Updated: 13th July 2019 08:50 AM   |  A+A-

Nitin Gadkari

Union Minister Nitin Gadkari (File Photo | Biswanath Swain/EPS)

By Express News Service

NEW DELHI:  Union Minister for Transport and Highways, Nitin Gadkari, said on Friday that he will consult with NITI Aayog and ask the petroleum ministry to set up ethanol pumps across the country to save on import bills and improve the financial condition of cane farmers. 

ALSO READ| TVS launches India’s first fully ethanol powered bike

The size of the ethanol market is pegged at Rs 11,000 crore, which would go up to Rs 20,000 crore by the end of this fiscal. “We want the ethanol economy to grow Rs 2 lakh crore in size. This would reduce pressure on our crude import bills. Promotion of biofuels like ethanol and butanol will increase earnings of cane farmers,” the minister said. 

Gadkari also backed the production of butanol for the aviation industry. “Use of butanol in aircraft is a win-win situation for everyone. It has the capability to replace Rs 40,000 crore we spend on importing aviation petroleum (ATF). And being cheaper and more efficient than ATF, it would increase the earnings of airlines,” he said.

Stay up to date on all the latest Business news with The New Indian Express App. Download now


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp