The Indian government has given its consent to the National Policy on Biofuels, a move which will open doors to greater funding in the green fuel sector.
There will be a commissioning of National Biofuel Fund and a Biofuel Coordination Committee headed by the Prime Minister.
India wants to cut its dependence on hydrocarbon and coal, 70% of which is derived from imports. Its future could lie with the inedible shrub jatropha.
An agreement has been made with the US on R&D of cellulosic ethanol and algal biodiesel. The Indian government has mandated and outlined the fertile land and waste land.
Under the Policy 20% blending of biofuels is targeted by 2017.
