Diversify agriculture into energy sector: Gadkari

Image
Press Trust of India New Delhi
Last Updated : Jan 24 2018 | 8:05 PM IST
There is need to diversify agriculture into energy sector in order to increase farmers' income and reduce the country's dependence on petroleum products, Union Minister Nitin Gadkari said today.
"There is a need for diversification of agriculture into energy and power sector. This will not only empower the farmers but would reduce the huge crude import bills of Rs 7 lakh crore," the Road Transport, Highways, Shipping, Water Resources and Ganga Rejuvenation Minister said here.
Addressing an event Rural & farm resurgence: Road to prosperity, organised by India Foundation for Rural Development Studies in collaboration with National Cooperative Development Corporation, Gadkari said farmers could easily produce ethanol from bamboo, rice and wheat straw, which could not only fetch them high returns but will reduce the dependence on petrol and diesel.
"The second generation ethanol can be made using bamboo, cotton straw, rice straw and residual cane-waste (bagasse)," he said, adding that innovation, entrepreneurship, technology and research were needed in farming.
Gadkari said a leading two-wheeler company will soon come out with a flex-fuel engine bike which can be run on ethanol.
Also stressing the need for organic farming, the minister said Indian breeds of cows like Sahiwal and Gir, which were popular in Brazil, needed promotion.
He also said unfortunately India imported wood worth Rs 40,000 crore and incense sticks worth Rs 4,000 crore annually, which could be easily cultivated here besides stressing on the need for bamboo cultivation, fisheries and honey production.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 24 2018 | 8:05 PM IST

Next Story