Government to formulate policies on ethanol, methanol to bring down crude import bill: Nitin Gadkari

The Centre will soon come out with policies on the second-generation ethanol as well as methanol, non-conventional fuel resources, which will bring down the crude import bill by Rs 1 lakh crore, Union Minister Nitin Gadkari said today. After chairing an inter-ministerial meeting attended by Petroleum Minister Dharmendra Pradhan, among others, Road Transport and Highways Minister Gadkari said this will also create an industry worth Rs 1 lakh crore and provide employment to around 25 lakh youths, he said.