Govt opens 6-month window for sugar mills to submit ethanol proposals

In India, the Press Trust of India reports the government will allow sugar mills to present proposals for investment in ethanol production capacity expansion and new distillation projects through October while grain-based ethanol projects are also included in the latest round of soft financing. The program subsidizes 6% per year of interest rates or 50% of the total interest rate offered by banks to finance projects. It is part of the government’s wider efforts to expand ethanol production capacity and reduce reliance on fossil fuel imports.