Indore: At least 18 investors have proposed to invest Rs 3,000 crore in Madhya Pradesh for ethanol production.
According to the news report published in The Times of India, the government is likely to unveil the policy to attract ethanol manufacturers in the state.
Sanjay Kumar Shukla, chairman, Madhya Pradesh Industrial Development Corporation (MPIDC) and Principal Secretary, Industrial policy and investment promotion department, said, “We have received 18 applications from investors seriously looking for suitable destinations in state to set up ethanol plants. They will invest in around Rs 3,000 crore in the state.”
The central government with an aim to lower the expenditure on foreign exchange has set a target of blending 20 per cent ethanol with petrol by 2025. The roadmap for ethanol blending in India 2020-25 was released by Prime Minister Narendra Modi on June 5 this year on the occasion of World Environment Day.
To receive ChiniMandi updates on WhatsApp, please click on the link below.
WhatsApp Group Link