India imports petroleum products worth tens of billions of rupees. According to Nitin Gadkari, demand will rise much more in the coming five years. The economy will be put under strain as a result of this.
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"Efforts are on to integrate ethanol in construction and farm equipment," Union Minister Nitin Gadkari said on Saturday, noting that switching to alternative fuels is urgent.
India imports petroleum products worth Rs. 10 lakh crore to cover its energy and electricity needs, with the demand expected to rise to Rs. 25 lakh crore in the next five years. This, according to Gadkari, will put pressure on the economy. At a convention in Pune, the minister gave a speech.
"Alternative energy is the way of the future." Electric tractors and trucks will be available soon after electric scooters, automobiles, and buses. "These will be launched soon," Gadkari added.
He said agricultural equipment that runs on diesel should be changed to operate on gasoline, and flex engines may be modified to run on ethanol, adding that attempts are underway to incorporate ethanol into construction equipment.
According to Gadkari, the increase in sugar consumption is only transitory.
The minister also emphasized the need to switch from sugar to ethanol production. The global increase in sugar demand is just transitory. Brazil manufactures ethanol from sugarcane as crude oil prices rise to $140 per barrel, boosting India's demand for sugar. Brazil begins manufacturing sugar when crude oil prices fall to $70 to $80 per barrel."
"As crude oil becomes more affordable, sugar costs will drop dramatically."
He urged Maharashtra Deputy Chief Minister Ajit Pawar to set up ethanol pumps in Pune to assist farmers in selling the fuel directly. "In our nation, we have agreed to add 20% ethanol to gasoline. As a result, 1,000 billion liters of ethanol would be required. Our sugar mills don't have the capacity to create that much energy. Sugarcane prices are unlikely to fall in the near future, but sugar prices may. As a result, it is past time for the sugar sector to move to ethanol. We need to speak with the petroleum minister and figure out a solution.
CM Uddhav Thackeray believes that ethanol is the way of the future.
Chief Minister Uddhav Thackeray, who addressed the conference remotely, spoke about the issues faced by sugar growers in the state. "For market research, we need to keep an eye on Brazil. They (Brazil) conduct surveys and choose a crop based on the results each year. We should adapt to the changing times by using technology. Ethanol will be the fuel of the future. "