Mumbai, May 10 (Commodities Control): The Indian sugar industry can significantly contribute to India's target of 20% ethanol blending in gasoline by 2030, but it needs stable policies and investment, according to the Indian Sugar Mills Association (ISMA).
Recent issues, like a drop in ethanol production due to lower sugarcane output, highlight the need for reliable raw material supplies. ISMA estimates the industry can meet 55% of India's ethanol needs, rising to 60% with better policy support for sugarcane farmers.
Mr. Prabhakar Rao, President of ISMA, underscores, "The Indian sugar industry holds the potential to fulfill a substantial 55% of the nation's ethanol requirements, which could rise to 60% with appropriate policy support and investments to stabilize sugarcane production."
ISMA proposes key measures:
Fair Pricing: Align sugar prices with sugarcane prices and set standard ethanol prices to ensure financial stability for mills and farmers.
Boost Sugarcane Production: Increase sugarcane yields to 81-82 tons per hectare to meet both sugar and ethanol demands.
Stable Policies: Create a predictable policy environment to encourage investments in sugar production and ethanol capacity.
India's Ethanol Blended Petrol (EBP) program aims to reduce emissions, promote renewable energy, and support farmers. By addressing challenges and implementing these proposals, India can leverage its sugar industry for a cleaner and more sustainable future.
(By Commoditiescontrol Bureau; +91-9820130172)
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