Bio fuels are boon for India. This is my assignment plz help me
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Biofuel - a boon for Indian consumers
Posted By: MIT - School of Business On Monday : August 1 , 2011
Today, India needs to concentrate on the development of a vibrant rural economy. The country is absolutely ready to face the forthcoming challenges and has immense potential to become the world leader in the bio-fuels sector, which would in turn generate employment opportunities for the rural areas. It is also an innovative source of fuel and reduces the dependence on fossil fuels imported from other countries and creates an alternative source of energy for the masses. India’s concentration on the biofuel sector has also created opportunities for both domestic and foreign investors. The Biodiesel Association of India is encouraging investments through its various activities to increase the usage of biofuel for Renewable Purchase Obligation (RPO) by captive power producers, including the hotel industry using DG sets.
An indicative target of 20% blending of biofuels, both for bio-diesel and bio-ethanol, by 2017 is proposed. To meet this target, a huge investment inflow would be required over the next few years. Various companies like Shell, Chevron and Microsoft, have set up research departments for Algal and Jatropha biofuels. But looking at the pace of investments pattern and policies being laid down, India may miss the target of 2017. According to the sources the right mix of seeds are required with higher oil content; and the period taken for each plantation of the seeds is 2-3 years which might also add up in escaping the targeted year 2017. More R&D is required to cultivate a large amount and also to help make the farming methods more reliable and productive.
The foreign investors are in line to finance new projects in India. The Asian countries, mainly China, are focusing on usage of biofuel in automobile industry. But again the policies are not clear for the exports of biofuel and its raw material. Government should give clearances for the exports of the raw material used to produce bio-fuels.
Both the second and third generation bio-fuels are excellent alternatives to the conventional source of fuel i.e. fossil fuel and are capable enough to meet the need of the day. Debate is on, all over the world whether biofuels are good means of preventing the global climate change. Here a question arises of whether or not it can be a boon for the Indian consumers as the oil prices are reaching sky high.
Bio fuels have become very popular these days in India, as it reduces gas emission and also reduces consumption of fossil fuels. On the other hand, the cultivation of the biofuels has increased the usage of water and chemicals which damages the soil. It would be very expensive for Indian economy to develop bio fuel which suits the needs of the Indian masses. With the increasing dependency on bio fuel, the infrastructure necessary for making it available to the public, at large, on a day-to-day basis must be looked into. Thus, for Indian consumers it would definitely be a great boon if bio fuel can replace petrol and diesel for transportation. This ultimately is not only going to create a new and cheaper source of power but it also will create a greener planet for our future generations hope it helps you
Biofuel - a boon for Indian consumers
Posted By: MIT - School of Business On Monday : August 1 , 2011
Today, India needs to concentrate on the development of a vibrant rural economy. The country is absolutely ready to face the forthcoming challenges and has immense potential to become the world leader in the bio-fuels sector, which would in turn generate employment opportunities for the rural areas. It is also an innovative source of fuel and reduces the dependence on fossil fuels imported from other countries and creates an alternative source of energy for the masses. India’s concentration on the biofuel sector has also created opportunities for both domestic and foreign investors. The Biodiesel Association of India is encouraging investments through its various activities to increase the usage of biofuel for Renewable Purchase Obligation (RPO) by captive power producers, including the hotel industry using DG sets.
An indicative target of 20% blending of biofuels, both for bio-diesel and bio-ethanol, by 2017 is proposed. To meet this target, a huge investment inflow would be required over the next few years. Various companies like Shell, Chevron and Microsoft, have set up research departments for Algal and Jatropha biofuels. But looking at the pace of investments pattern and policies being laid down, India may miss the target of 2017. According to the sources the right mix of seeds are required with higher oil content; and the period taken for each plantation of the seeds is 2-3 years which might also add up in escaping the targeted year 2017. More R&D is required to cultivate a large amount and also to help make the farming methods more reliable and productive.
The foreign investors are in line to finance new projects in India. The Asian countries, mainly China, are focusing on usage of biofuel in automobile industry. But again the policies are not clear for the exports of biofuel and its raw material. Government should give clearances for the exports of the raw material used to produce bio-fuels.
Both the second and third generation bio-fuels are excellent alternatives to the conventional source of fuel i.e. fossil fuel and are capable enough to meet the need of the day. Debate is on, all over the world whether biofuels are good means of preventing the global climate change. Here a question arises of whether or not it can be a boon for the Indian consumers as the oil prices are reaching sky high.
Bio fuels have become very popular these days in India, as it reduces gas emission and also reduces consumption of fossil fuels. On the other hand, the cultivation of the biofuels has increased the usage of water and chemicals which damages the soil. It would be very expensive for Indian economy to develop bio fuel which suits the needs of the Indian masses. With the increasing dependency on bio fuel, the infrastructure necessary for making it available to the public, at large, on a day-to-day basis must be looked into. Thus, for Indian consumers it would definitely be a great boon if bio fuel can replace petrol and diesel for transportation. This ultimately is not only going to create a new and cheaper source of power but it also will create a greener planet for our future generations hope it helps you
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Bio fuels are going to play an extremely important role in meeting India's energy needs the countries energy demand is expected to grow at an annual rate 4.8% over the next couple of decades.Most of the energy requirements are currently satisfied by fossil fuels- Coal Petroleum- based product and natural gas.
Therefore, Biofule farming is a boon to all dry and wastelands,most of whom marginal farmers and semi-arid topics .
Biofuel-A boon for Indian customers.Today Indian needs to concentrate on the development of a vibrant rural economy........ India's concentration on the biofuel sector has also created opportunities for both domestic and foreign investor....!!
I HOPE IT WILL HELP YOU DEAR....
Therefore, Biofule farming is a boon to all dry and wastelands,most of whom marginal farmers and semi-arid topics .
Biofuel-A boon for Indian customers.Today Indian needs to concentrate on the development of a vibrant rural economy........ India's concentration on the biofuel sector has also created opportunities for both domestic and foreign investor....!!
I HOPE IT WILL HELP YOU DEAR....
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