‘Help India reduce oil bill’

Consider public transport with alternative fuels: Gadkari
Minister for Road Transport and Highways Nitin Gadkari on Friday appealed to the industry to invest in public transport propelled by alternative fuel and electricity to help the country reduce its oil import bill.
“Our import bill is nearly Rs. 8 lakh crore. This is a big challenge for the economy. So, our government has taken a decision for alternative fuels like ethanol, methanol, bio-diesel, compressed natural gas and electricity. We are ready for anything that is a substitute for imports, cost-effective, pollution free and indigenous,” Mr. Gadkari said at the Move Summit organised by the NITI Aayog. The Minister said initiatives need to be taken to curb pollution and that two-wheelers alone consume 60% of petrol in India.
“What the consumer needs, what the society needs, what the country needs is very important… I want you to look at public transport on alternative fuel and electricity,” he said.
‘Clear policy needed’
Replying to a query, Pawan Munjal, MD & CEO, Hero MotoCorp, said electrification is a big opportunity. However, a clear policy roadmap is needed. “We clearly need some direction in terms of timing, how the infrastructure will come around… so there are various challenges. He stressed that given the Indian auto industry’s volumes, the transition from internal combustion engine to electric or any other fuel needs to be ‘very well thought out’.
Source :  https://www.thehindu.com/todays-paper/tp-business/help-india-reduce-oil-bill/article24897764.ece

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