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India : GOVT. amends procurement policy of ethanol under EBP

Publish Date : 19-Mar-2015

The Indian government has amended the policy for procurement of ethanol under the Ethanol Blending Programme (EBP) which allows for a new process that smoothens the whole ethanol supply chain and fixes the ex-depot price of ethanol in the area of between Rs 48.50 and Rs 49.50 per litre.

The government has also extended the incentive scheme to market and promote Services of raw Sugar production targeted for export for existing sugar season 2014-15 at uniform rate of Rs. 4000 per MT for a quantity of 14 lakh MT.

These steps are expected to help evacuate excess sugar from the country and enhance the economic condition of sugar mills. Minister of Consumer Affairs, Food and Public Distribution, Shri Ram Vilas Paswan has informed this in a written reply to the Lok Sabha.

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