Trade Deal Update: The discussion on ethanol is also heating up amid the India-US trade deal. Consequently, many people may wonder whether India will now import ethanol from the US.
Will India now import ethanol from America?
Trade Deal Update: When every driver goes to a petrol pump to fill up, their first focus is on the price. Ethanol-mixed petrol is also being discussed. The government is promoting ethanol-mixed petrol to reduce India's dependence on foreign crude oil, save the country's foreign exchange, and benefit farmers. Meanwhile, the discussion on ethanol is also gaining momentum amid the India-US trade deal. Consequently, many people are wondering: will India now purchase ethanol from the US?
Will India import ethanol from America?
In fact, the central government has clarified that there will be no change in the existing rules regarding ethanol imports from the United States. The government has stated that ethanol produced in India will be given priority for blending with petrol.
What did the Commerce Ministry say?
The Commerce Ministry stated on Thursday that the ongoing India-US trade deal does not include any commitments regarding ethanol imports from the US. Furthermore, the ministry stated that many of the claims circulating on this issue are untrue and should not be credible. This means that no changes have been made to existing regulations regarding ethanol imports from the US.
Why will ethanol not be imported from America?
- Currently, the ethanol used for E20 is produced in India itself.
- Apart from this, the government has made it clear that no new exemption or promise has been made regarding ethanol import from America.
- Also, the purchase of ethanol produced in the country benefits the farmers growing sugarcane and other crops and helps in increasing their income.
- The government is promoting ethanol-mixed petrol so that crude oil imports can be reduced.
- The government has made it clear that there will be no change in the existing rules regarding import of ethanol from America.
