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Ethanol sector growth an example for the world: Piyush Goyal

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Union Minister of Commerce and Industry Piyush Goyal has said that the growth of the ethanol sector has been tremendous which has set a sort of example for the world.

Addressing a National Seminar on ‘Maize to Ethanol’ in New Delhi, he said that in the last 9 years, the sugar sector has been self-sufficient with more than 99.9 per cent payment to farmers for the previous season.

He added that now, ethanol will support maize farmers in increasing their income and bringing growth with stability on the lines of sugarcane farmers.

The Minister said that investment of thousands of crores have come creating thousands of jobs in the rural sector which has generated a multiplier effect on the Indian economy.

Mr. Goyal highlighted that environment friendly fuel like ethanol has been on the top priority list of Prime Minister Narendra Modi.

He said, it has resulted in more than doubling of ethanol blending in just 2 years and the target of 20 per cent ethanol blending has also been preponed from 2030 to 2025.

The Minister said that timely planning, industry friendly policies and transparent approach of the Union Government with collaboration of industry has made these achievements a reality.

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