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Prabhudas Lilladher Report
Back in 2003 when India first announced its ethanol program - blending ethanol with petrol for use as auto fuel, never took off. There were multiple reasons for this failure like poor pricing of ethanol supplied for blending, periodic shortages of sugar and competing demand from potable alcohol sector.
But after 2016 when India turned a sugar surplus country, the Modi government revived the program and gave it the necessary impetus both in terms of targets and policy push. Government offer improve sugar mills' cash flow, ensure better prices for farmers, enhance India's energy security and reduce pollution.
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The ethanol story began to replay by fixing attractive prices for ethanol that oil marketing companies procured for blending. This motivated the sugar mills to produce ethanol.
The government then allowed sugar mills to produce ethanol from earlier stages of sugar production rather than just C-Molasses.
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