logo
India achieves 20% ethanol blending target 5 years ahead of schedule: ISMA

India achieves 20% ethanol blending target 5 years ahead of schedule: ISMA

Hindustan Times6 days ago
India has achieved its target of 20 per cent ethanol blending with petrol five years ahead of schedule, the Indian Sugar & Bio-energy Manufacturers Association (ISMA) said. In a statement, ISMA said that this achievement represents dramatic growth from the modest 1.5 per cent blending rate when the program began in 2014. It also claimed that the ethanol blending program has delivered substantial economic and environmental benefits.
PTI has reported that ethanol production surged from 38 crore litres in 2014 to 661 crore litres blended as of June 2025, while generating 698 lakh tonnes in carbon dioxide emission reductions. The program has provided significant financial benefits to India's agricultural sector, with farmers receiving ₹1.18 lakh crore and distilleries earning ₹1.96 lakh crore over the period, claimed ISMA. The initiative has also helped India save ₹1.36 lakh crore in foreign exchange costs. "This achievement is a monumental leap for India's energy independence and rural prosperity," said Deepak Ballani, Director General of ISMA, while also adding, "The government's unwavering policy direction and visionary leadership have not only made this national success possible five years ahead of schedule but have also set a powerful precedent for our collective future in green energy."
Also check these Cars
Find more Cars
UPCOMING Indian FTR 1200 1203 cc
1203 cc
₹ 16.30 - 16.50 Lakhs
Alert Me When Launched
Indian Scout Bobber 1133 cc
1133 cc 25 kmpl
25 kmpl
₹ 17.17 Lakhs
Compare
View Offers
Indian Roadmaster 1890 cc
1890 cc 20 kmpl
20 kmpl
₹ 43.49 Lakhs
Compare
View Offers
UPCOMING Indian Chief Classic 1811.0 cc
1811.0 cc 20.0 kmpl
20.0 kmpl
₹ 21.30 Lakhs
Alert Me When Launched
Indian 2025 Challenger 1768 cc
1768 cc 18 kmpl
18 kmpl
₹ 36.12 Lakhs
Compare
View Offers
Yamaha MT-15 V2 155.0 cc
155.0 cc 56.87 kmpl
56.87 kmpl
₹ 1.70 Lakhs
Compare
View Offers
The sugar industry has played a central role in India's ethanol economy, supplying biofuel derived from sugarcane juice, B-heavy molasses and other agricultural by-products, ISMA said.
The early achievement of the 20 per cent blending target, originally set for 2030, demonstrates India's commitment to reducing dependence on fossil fuel imports while supporting rural economic development, the industry association added.
Ethanol is blended with petrol to reduce the pollutant-emitting properties of the fossil fuel. Keeping pace with this development, automakers in the Indian automobile market too have been making engines that are compatible with the E20 petrol, which has 20 per cent ethanol blended.
Get insights into Upcoming Cars In India, Electric Vehicles, Upcoming Bikes in India and cutting-edge technology transforming the automotive landscape.
First Published Date:
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

India-US trade: Union minister Piyush Goyal to hold talks on August 2–4 with exporters in Mumbai, key sectors flag urgent concerns amid 25% Trump tariffs
India-US trade: Union minister Piyush Goyal to hold talks on August 2–4 with exporters in Mumbai, key sectors flag urgent concerns amid 25% Trump tariffs

Time of India

time5 hours ago

  • Time of India

India-US trade: Union minister Piyush Goyal to hold talks on August 2–4 with exporters in Mumbai, key sectors flag urgent concerns amid 25% Trump tariffs

Commerce and Industry minister Piyush Goyal will meet exporters from sectors including food processing, textiles, engineering, and chemicals in Mumbai from August 2-4 to discuss the implications of the 25% tariff announced by the United States, an industry official said on Friday. Exporters from fisheries, IT, pharma, and engineering will also participate in the meetings. A separate meeting with leather sector exporters is scheduled for August 4 in New Delhi, PTI reported. The US on Friday imposed a 25% tariff on Indian goods, potentially affecting about half of the country's $86-billion exports to the American market. The remaining half, including pharmaceuticals, electronics, and petroleum products, remains exempt. India continues to hold discussions with the US to finalise a trade deal. However, sources said New Delhi would not compromise on issues related to agricultural, dairy, or genetically modified (GM) products. The sixth round of negotiations is scheduled for August 25 in India. Key export sectors expected to be affected by the new tariff include textiles and clothing ($10.3 billion), gems and jewellery ($12 billion), shrimp ($2.24 billion), leather and footwear ($1.18 billion), animal products ($2 billion), chemicals ($2.34 billion), and electrical and mechanical machinery (around $9 billion). by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like How Much Does It Cost to Rent a Private Jet - The Prices May Surprise You! Private Jet I Search Ads Learn More Undo In 2024–25, India-US bilateral trade stood at $131.8 billion, with Indian exports at $86.5 billion and imports at $45.3 billion. Exporters from the impacted sectors have called for immediate government support. 'We request immediate government intervention to offset this huge setback. Exporters have their back against the wall and will have to sell below cost to keep their factories running and avoid mass layoffs,' said Sudhir Sekhri, Chairman, Apparel Export Promotion Council (AEPC). Rahul Guha, Senior Director at Crisil Ratings, said Indian shrimp exporters face an unprecedented challenge in the US market, which accounts for nearly 48% of their shipments. Stay informed with the latest business news, updates on bank holidays and public holidays . Discover stories of India's leading eco-innovators at Ecopreneur Honours 2025

Fitch cuts India GDP growth projections to 6.3 pc; sees limited impact of US tariffs on corporates
Fitch cuts India GDP growth projections to 6.3 pc; sees limited impact of US tariffs on corporates

The Print

time5 hours ago

  • The Print

Fitch cuts India GDP growth projections to 6.3 pc; sees limited impact of US tariffs on corporates

'We expect India's GDP growth of 6.3 per cent and robust infrastructure spending to underpin healthy demand for cement and building materials, electricity, petroleum products, steel, and engineering and construction (E&C) companies during FY26,' Fitch said in its India Corporates Credit Trends report released on Friday. In its Global Economic Outlook in April, Fitch had estimated India's GDP growth at 6.4 per cent for 2025-26. New Delhi, Aug 1 (PTI) Fitch Ratings on Friday cut India's GDP projections for the current fiscal to 6.3 per cent and said it expects a limited direct impact of higher US tariffs on Indian corporates. Fitch Ratings expects credit metrics to improve for its rated Indian corporates in the financial year ending March 2026, as wider EBITDA margins offset their high capex intensity. On the impact of US tariffs, Fitch said it expects a 'limited direct impact' on its rated Indian corporates from higher US tariffs due to generally low to moderate US export exposure. However, second-order risks from excess supply could arise in some cases. An India-US trade deal could also affect the final outcome, and companies may try to mitigate the impact from tariffs by diversifying exports, Fitch said. US President Donald Trump has announced 25 per cent tariffs on India, plus a 'penalty' for its trade with Russia. The tariffs will come into effect from August 7. India and the US are already negotiating a bilateral trade deal. In the deal talks, India has hardened its position on the US demand for duty concessions on agri and dairy products. New Delhi has, so far, not given any duty concessions to any of its trading partners in a free trade agreement in the dairy sector. Fitch Ratings, in its report, said domestically focused sectors such as oil and gas upstream and downstream, cement and building materials, engineering and construction, telecom, and utilities should see minimal direct effects, supported by local demand and/or regulatory stability. However, tariff uncertainty may limit discretionary IT and auto supplier exports to the US and Europe in FY26, while potential US policy shifts could affect pharmaceuticals. Steel and chemicals may face pricing pressure from excess supplies diverted to India, and metals and mining could see greater price volatility amid growth risks, Fitch added. PTI JD JD SHW This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.

'Limited direct impact from US tariffs': Fitch revises India GDP forecast to 6.3% for FY26; infrastructure spending, local demand seen supporting key sectors
'Limited direct impact from US tariffs': Fitch revises India GDP forecast to 6.3% for FY26; infrastructure spending, local demand seen supporting key sectors

Time of India

time5 hours ago

  • Time of India

'Limited direct impact from US tariffs': Fitch revises India GDP forecast to 6.3% for FY26; infrastructure spending, local demand seen supporting key sectors

Fitch Ratings has revised India's GDP growth projection for the current financial year down to 6.3%, from its earlier estimate of 6.4%, while stating that the recently announced US tariffs are likely to have only a limited direct effect on Indian corporates. In its latest India Corporates Credit Trends report released Friday, the global rating agency said it expects robust infrastructure spending to sustain demand across core sectors, PTI reported. 'We expect India's GDP growth of 6.3 per cent and robust infrastructure spending to underpin healthy demand for cement and building materials, electricity, petroleum products, steel, and engineering and construction (E&C) companies during FY26,' Fitch noted. The revised forecast comes months after the agency projected 6.4% GDP growth in its Global Economic Outlook report published in April. Despite the macroeconomic adjustment, Fitch anticipates credit metrics for rated Indian corporates to improve in FY26. Wider EBITDA margins are expected to offset the effects of high capital expenditure, it added. On the impact of the 25% US tariffs recently announced by President Donald Trump—along with a penalty targeting Indian trade ties with Russia—Fitch said the direct impact on rated Indian corporates would likely remain limited, owing to low-to-moderate exposure to US exports. However, the report cautioned about potential 'second-order risks' arising from global excess supply. Fitch also noted that an eventual India-US trade agreement may alter outcomes, and companies are likely to explore export diversification to mitigate the tariff shock. India and the US are in the midst of negotiations for a bilateral trade deal. According to reports, New Delhi has taken a firm stance against Washington's demand for duty concessions on agriculture and dairy products—sectors where India has traditionally offered no preferential tariffs in any FTA. Fitch said that sectors focused on the domestic market—such as upstream and downstream oil & gas, cement and building materials, telecom, utilities, and engineering and construction—should see minimal tariff-related disruptions due to strong local demand and regulatory insulation. In contrast, Fitch highlighted that tariff uncertainty may dampen discretionary exports in IT services and automotive components to the US and Europe during FY26. Pharmaceuticals could also be vulnerable to policy changes from the US side. Additionally, the report said that steel and chemicals may face pricing pressure from oversupplied global markets, while the metals and mining sector could experience higher price volatility due to emerging global growth risks. Stay informed with the latest business news, updates on bank holidays and public holidays . Discover stories of India's leading eco-innovators at Ecopreneur Honours 2025

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store