Next Article
India saves ₹1.44 lakh crore on crude oil imports
Union Minister Prahlad Joshi just shared that India's ethanol blending program has jumped from 1.5% in 2014 to 20% today—helping the country save a whopping ₹1.44 lakh crore by cutting down on crude oil imports.
Ethanol production and export options
Joshi is encouraging producers to boost ethanol output and look at export options, calling the growth in sugarcane and ethanol a sign of real progress.
On the green energy front, he noted that 20 lakh homes now have rooftop solar panels (with a target of one crore), and GST on renewable devices is down from 12% to 5%.
He also stressed hitting India's goal of 550 GW renewable capacity by 2030 and indicated that the second phase of the PM KUSUM scheme will be launched after March 2026.