Cooperation Minister Amit Shah urged sugar mills to explore alternatives to sugarcane for ethanol production, aiming for a 20% ethanol blending target by 2025-26. Speaking at an NFCSF event, Shah highlighted that the government’s ethanol program reduces crude oil imports and addresses environmental issues. He stressed the need for innovation in biofuel production. Investors should watch for opportunities in companies involved in ethanol production and sustainable energy, such as Balrampur Chini Mills Ltd and EID Parry India Ltd.
