Wanted: Bio-diesel policy

Published on Thu, Jul 03, 2008 at 08:53 |  Source : CNBC-TV18

Updated at Thu, Jul 03, 2008 at 18:10  

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Wanted: Bio-diesel policy

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By Vishwanath Pilla and Raksha Hegde , CNBC-TV18:

 

The spike in crude prices has hurt every market. But one industry has taken off and that's alternative fuel, also known as the bio-fuel industry.

 

Bio-diesel is coming up in a big way in Andhra Pradesh. But the major bottleneck remains to be the availability of feedstock. The industry here wants the government to come out with a comprehensive bio-diesel policy and subsidy for farmers cultivating jatropha.

 

The Vakalapudi industrial park in the port city of Kakinada is humming with activity. The industrial park has attracted investments worth over 450 crore from bio-diesel firms such as Reliance Industries ,

  

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