<p class="title">The Centre is planning to roll-out a new policy to revive closed sugar mills by using their land for ethanol production, Union Road Transport Minister Nitin Gadkari said on Monday.</p>.<p class="bodytext">"A lot of sugar mills are closed... I am going to frame a policy. Condition of these sugar mills is such that they are not getting finances. I want to proceed for a Cabinet note. Some 5-6 acres of land in a closed sugar mill which can be used for making of ethanol," Gadkari said.</p>.<p class="bodytext">The minister said the land of the sugar mill can be utilised for ethanol production from sugar, sugarcane juice, and molasses and policy will be framed soon</p>.<p class="bodytext">He said the ethanol economy has the potential to reach Rs 1 lakh crore from about Rs 25,000 crore and can reduce the annual Rs 7 lakh crore crude imports.</p>.<p class="bodytext">Since the government signed the agreement with several multilateral banks like KfW, a German state-owned bank, for low-cost funds green energy, we will ask them to finance closed sugar mills.</p>.<p class="bodytext">He said ethanol production through sugar could boost the economy of sugarcane-producing states including Uttar Pradesh, Karnataka, and Maharashtra.</p>
<p class="title">The Centre is planning to roll-out a new policy to revive closed sugar mills by using their land for ethanol production, Union Road Transport Minister Nitin Gadkari said on Monday.</p>.<p class="bodytext">"A lot of sugar mills are closed... I am going to frame a policy. Condition of these sugar mills is such that they are not getting finances. I want to proceed for a Cabinet note. Some 5-6 acres of land in a closed sugar mill which can be used for making of ethanol," Gadkari said.</p>.<p class="bodytext">The minister said the land of the sugar mill can be utilised for ethanol production from sugar, sugarcane juice, and molasses and policy will be framed soon</p>.<p class="bodytext">He said the ethanol economy has the potential to reach Rs 1 lakh crore from about Rs 25,000 crore and can reduce the annual Rs 7 lakh crore crude imports.</p>.<p class="bodytext">Since the government signed the agreement with several multilateral banks like KfW, a German state-owned bank, for low-cost funds green energy, we will ask them to finance closed sugar mills.</p>.<p class="bodytext">He said ethanol production through sugar could boost the economy of sugarcane-producing states including Uttar Pradesh, Karnataka, and Maharashtra.</p>
