Petroleum and Natural Gas Minister Hardeep Singh Puri has said that India will show the world a new path on biofuels through the Global Biofuels Alliance (GBA). The alliance was launched by Prime Minister Narendra Modi on the sidelines of the G20 Summit. GBA is an India-led initiative to develop an alliance of governments, international organizations and industry to facilitate adoption of biofuels. Mr Puri said, 19 countries and 12 international organisations have already agreed to join the alliance.
The Minister observed that Global Biofuels Alliance has given a historic momentum for world’s quest for cleaner and greener energy. It will transform country’s farmers from ‘Annadatas to Urjadatas’ as an additional source of income. Mr Puri added that India will save about 450 billion rupees in oil imports and 63 Metric Tonnes of oil annually.