Time for country to go for alternative fuel sources: Nitin Gadkari
United News of India , Oct 05, 2018
The Minister said the country needs to reduce its imports and increase exports and new initiatives for import substitution are very important and need to be supported.
He said India is the fastest growing large economy and those investing in India will have a huge advantage. He cited the vast reserve of minerals and manpower available as two strengths of India.
Mr Gadkari said India is doing well in technology, entrepreneurship, innovation and R&D and that a lot of new research is happening through which India can work miracles in the world. 'Particularly in petrochemicals, India has huge potential but we need to be cost-effective and pollution-free,' said the Minister. He spoke of the need for transparency, investment and at the same time encouragement of exports.
Speaking about the importance of diversification in agriculture towards the needs of the energy and power sector, Mr Gadkari said new crops have to be identified. The Minister exhorted the industry to explore the possibility of using agricultural material for making chemicals, which he said can be a great game changer for the country.
The Minister spoke of the importance of ecology and environment, and highlighted that bio-plastics can be made from ethanol. Organic plastics can give a new vision for the petrochemicals industry, he said.
On the occasion, the Minister released India Chem 2018 knowledge paper.
Minister Mr. Nitin Gadkari urged the Chemicals and Petrochemicals Industry to look at ways to promote import substitution
Usage of agricultural material for making chemicals can be a great game changer for the country: Nitin Gadkari
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