Petroleum lobby won’t easily allow shift to alternative fuels: Nitin Gadkari
Has vested interest in import of fossil fuels worth Rs 22 lakh crore
The petroleum lobby, which has a vested interest in the import of fossil fuels worth Rs 22 lakh crore, will not easily allow the country's aim of shifting to alternative fuels, Union Minister Nitin Gadkari said on Friday.
Addressing the IFGE's compressed bio-gas conclave in Pune, he said the lobby is using all its might against him as he is promoting alternative fuels in the country. “Green fuels, alternative fuels will boost the rural agriculture economy and will reduce pollution and subsequently will reduce the import bill of fossil fuels. Becoming self-reliant in energy will ultimately realise the country's dream of becoming a $5 trillion economy,” he said, adding the current crisis in West Asia shows how imperative the issue of energy security is for the country.
“We import 86 percent of our energy and Rs 22 lakh crore goes out of our country as bill towards fossil fuels. That is why our objective is to make our transport ecosystem smart, safe and sustainable by 2030. To achieve this objective, we have taken several initiatives which include promotion of non-polluting fuels, indigenous fuels that can boost our agri industry and we are gaining benefits also,” he added.
He said there is great potential in green and alternative fuels and a lot of companies are working on the technology.
“In the next couple of years, there will be at least 5,000 firms working in this field. The only thing is the technology should not fail. You will have to compete on productivity, cost effectiveness and quality parameters,” he told the gathering.
He added that for the first time, the objective to promote green fuels is to make farmers prosperous, end the import of fossil fuels, end the dependency on fossil fuels and generate employment in rural areas.
“I can see that now we are on the right track and the future is bright. Barriers do come in the journey but these alternative fuels are in the interest of the environment, the economy and are cost-effective for consumers. I am happy that this alternative fuel economy is developing nicely,” he said.
“In all this green fuel economy, we do not have even zero percent stake but still the petroleum lobby is after me with full might. One thing is very clear. A lot of people have vested interest in the import of fossil fuels and, considering the import bill of Rs 22 lakh crore, this lobby will not easily allow your dreams regarding green fuels to come true,” he said.
