Cabinet clears modified scheme to enhance ethanol distillation capacity in country
The Cabinet Committee on Economic Affairs, CCEA has approved modified scheme to enhance ethanol distillation capacity in the country for producing 1st Generation, 1G ethanol from feed stocks such as cereals like rice, wheat, barley, corn and sorghum and sugarcane, sugar beet etc.
Briefing the media in New Delhi today after the Cabinet meeting, Petroleum Minister Dharmendra Pradhan said, Cabinet approved an interest subvention of 4 thousand 5 hundred 73 crore rupees for new distilleries producing ethanol. He said, India will need about one thousand crore litre of ethanol by 2030 with a view to cut dependency on imports for meeting oil needs. He said India currently has a capacity of 684 crore litres.
Mr Pradhan said, Government would bear interest subvention for five years including one year moratorium against the loan availed by project proponents from banks at 6 per cent per annum or 50 per cent of the rate of interest charged by banks whichever is lower.
Minister for Ports, Shipping and Waterways Mansukh Mandaviya said, CCEA today approved deepening and optimization of inner harbour facilities including development of western dock on Build, Operate and Transfer, BOT basis under PPP mode to handle cape size vessels at Paradip Port. He said, the estimated cost of the project is over 3 thousand four Crore rupees.
He said, the proposed project envisages Construction of Western Dock Basin with facilities to handle cape size vessels by the selected BOT Concessionaire with an ultimate capacity of 25 Million tonnes per annum in two phases of 12.50 Million tonnes per annum each.
On commissioning of the project, it shall cater to the requirement of coal and limestone imports besides export of granulated slag and finished steel products considering the large number of steel plants established in the hinterland of Paradip Port. The project shall also facilitate, de-congestion of the Port, reduce Sea freight making coal imports cheaper and boost the industrial economy in the hinterland of the port leading to creation of job opportunities.
The CCEA approved proposals for construction of various trunk infrastructure components for Krishnapatnam Industrial Area in Andhra Pradesh with an estimated cost of over 2 thousand 1 hundred 39 crore rupees, Tumakuru Industrial Area in Karnataka with an estimated cost of over 1,701 crore rupees and Multi Modal Logistics Hub and Multi Modal Transport Hub at Greater Noida in Uttar Pradesh with an estimated cost of Rs. 3,883.80 crore. Information and Broadcasting Minister Prakash Javadekar said, the projects will generate nearly 3 lakh employments.
He said, the objective of Industrial Corridor Programme is the creation of greenfield industrial cities with sustainable, plug n play, ICT enabled utilities to facilitate the manufacturing investments into the country by providing quality, reliable, sustainable and resilient infrastructure to industries.
Mr Javadekar informed that the Cabinet approved opening of three Indian Missions in Estonia, Paraguay and Dominican Republic in 2021. He said, opening of Indian Missions in these countries will help expand India’s diplomatic footprint, deepen political relations, enable growth of bilateral trade, investment and economic engagements, facilitate stronger people-to-people contacts, bolster political outreach in multilateral fora and help garner support for India’s foreign policy objectives.
Indian mission in these countries will also better assist the Indian community and protect their interests.
The Cabinet approved Memorandum of Understanding, MoU between the Government of India and the Royal Government of Bhutan on Cooperation in the peaceful users of outer space signed on November 19, 2020 by both sides at Bangalore and Thimpu and exchanged. This MoU shall enable India and Bhutan to pursue cooperation in potential interest areas, such as remote sensing of the earth, satellite communication and satellitebased navigation, Space science and planetary exploration, use of spacecraft and space systems and ground system, and application of space technology.
This MoU would lead to set up a Joint Working Group, drawing members from DOS and ISRO and the Ministry of Information and Communications of Bhutan, which will further work out the plan of action including the time-frame and the means of implementation.