Don’t miss the latest developments in business and finance.

CII seeks flexible mandate for biofuels

Image
Sudheer Pal Singh New Delhi
Last Updated : Jan 29 2013 | 1:33 AM IST

"We have asked for a flexible mandate to be enacted, taking into consideration the availability of biofuels in different states or regions," said Pramod Chaudhary, head of the CII committee on biofuels.

This availability had to be declared twice a year or at least annually, or the the policy would remain useless, he added.

The apex body also shared its recommendations with the group of ministers (GoM) which finalised the policy recently.

Assigning the delay in finalising of the policy to lack of availability of data, he added that the CII had demanded proper documentation of demand and supply mismatches of biofuels in the country to accommodate a proper transportation model for biofuels across the states.

While states like UP and Maharashtra contribute to a major chunk of the biofuels production in the country, some states like MP and West Bengal still lack enough pockets of production.

To facilitate smooth inter-state sale and purchase of biofuels, the CII has also recommended

Also Read

First Published: Jul 20 2008 | 12:00 AM IST

Next Story