{"id":4717,"date":"2025-07-07T16:20:21","date_gmt":"2025-07-07T10:50:21","guid":{"rendered":"https:\/\/belgaumnow.com\/?p=4717"},"modified":"2025-07-07T16:28:19","modified_gmt":"2025-07-07T10:58:19","slug":"karnatakas-biofuel-policy-set-to-attract-%e2%82%b91-lakh-crore-investment","status":"publish","type":"post","link":"https:\/\/belgaumnow.com\/?p=4717","title":{"rendered":"“Karnataka\u2019s Biofuel Policy Set to Attract \u20b91 Lakh Crore Investment”"},"content":{"rendered":"

Karnataka\u2019s Biofuel Policy Could Draw \u20b91 Lakh Crore Investment, Says State Board Chairman<\/strong><\/h1>\n

New Policy Aims to Boost Green Energy, Create Jobs, and Enhance Rural Economy<\/strong><\/h3>\n

Bengaluru:<\/strong>\u00a0Karnataka\u2019s proposed Biofuel Policy has the potential to attract investments exceeding \u20b91 lakh crore over the next five years, according to S.E. Sudhindra,<\/strong> Chairman of the Karnataka State Biofuel Development Board.<\/p>\n

Sudhindra presented a detailed biofuel action plan and a progress report on his one-year tenure to Deputy Chief Minister D.K. Shivakumar at Vidhana Soudha. He emphasized the state\u2019s vast potential in the biofuel sector and stressed the need for a revised policy to encourage investor participation.<\/p>\n

\u201cIf approved, the policy will offer incentives, subsidies, and infrastructure support to biofuel production units, paving the way for massive investments in the sector,\u201d Sudhindra said.<\/p>\n

Government Backs Biofuel Expansion<\/strong><\/h3>\n

Deputy Chief Minister D.K. Shivakumar welcomed the proposal, assuring full government support for the policy\u2019s implementation. \u201cThe state is committed to promoting clean energy and will provide all necessary assistance to develop the biofuel sector at every stage,\u201d he said.<\/p>\n

The meeting was also attended by L. Shivshankar, Managing Director of the Board, and Divakar Rao, Board Member.<\/p>\n

Economic and Environmental Benefits<\/strong><\/h3>\n

The proposed policy is expected to accelerate Karnataka\u2019s transition toward sustainable energy while stimulating rural employment and agricultural growth. By leveraging biofuels\u2014derived from organic and waste materials\u2014the state aims to reduce fossil fuel dependency, cut carbon emissions, and create a circular economy.<\/p>\n

Industry experts believe that with the right policy framework, Karnataka could emerge as a leader in India\u2019s biofuel sector, attracting both domestic and international investors.<\/p>\n

As the government reviews the proposal, stakeholders await further clarity on incentives, regulatory approvals, and infrastructure development to kickstart large-scale biofuel projects in the state.<\/p>\n

\n

Key Takeaways:<\/strong><\/span><\/h2>\n
    \n
  • \n

    Karnataka\u2019s Biofuel Policy could bring \u20b91 lakh crore in investments within five years.<\/p>\n<\/li>\n

  • \n

    Policy to offer subsidies, incentives, and infrastructure support for production units.<\/p>\n<\/li>\n

  • \n

    Deputy CM assures full government backing for sector growth.<\/p>\n<\/li>\n

  • \n

    Initiative expected to boost green energy, rural economy, and job creation.<\/p>\n<\/li>\n<\/ul>\n

    Key Quotes:<\/strong><\/span><\/h2>\n
      \n
    1. \n

      S.E. Sudhindra, Chairman, Karnataka State Biofuel Development Board:<\/strong><\/p>\n

      *”This policy will be a game-changer, unlocking over \u20b91 lakh crore in investments and positioning Karnataka as a leader in sustainable energy.”*“With the right incentives, we can turn agricultural waste into wealth, benefiting farmers and industries alike.”<\/em><\/li>\n

    2. Deputy CM D.K. Shivakumar:<\/strong>
      \n<\/em>“The government is fully committed to supporting the biofuel sector\u2014this is not just about energy, but also rural empowerment and job creation.”<\/em>“We will fast-track approvals and ensure a business-friendly ecosystem for investors in green energy.”<\/em><\/li>\n
    3. \n

      Industry Expert:<\/strong><\/p>\n

      “Karnataka\u2019s biofuel push aligns with India\u2019s net-zero goals and could set a benchmark for other states.”\u00a0<\/em><\/li>\n<\/ol>\n

      #BiofuelRevolution\u00a0<\/strong>#GreenKarnataka <\/strong>#SustainableInvesting <\/strong>#CleanEnergyFuture <\/strong><\/p>\n

      <\/div>\n

      <\/g><\/svg><\/i> \"Loading\"<\/p>\n

      <\/div>\n","protected":false},"excerpt":{"rendered":"

      Karnataka\u2019s Biofuel Policy Could Draw \u20b91 Lakh Crore Investment, Says State Board Chairman New Policy Aims to Boost Green Energy, Create Jobs, and Enhance Rural Economy Bengaluru:\u00a0Karnataka\u2019s proposed Biofuel Policy has the potential to attract investments exceeding \u20b91 lakh crore over the next five years, according to S.E. Sudhindra, Chairman of the Karnataka State Biofuel […]<\/p>\n","protected":false},"author":2,"featured_media":4718,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[66],"tags":[],"class_list":["post-4717","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-karnataka"],"_links":{"self":[{"href":"https:\/\/belgaumnow.com\/index.php?rest_route=\/wp\/v2\/posts\/4717","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/belgaumnow.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/belgaumnow.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/belgaumnow.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/belgaumnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4717"}],"version-history":[{"count":3,"href":"https:\/\/belgaumnow.com\/index.php?rest_route=\/wp\/v2\/posts\/4717\/revisions"}],"predecessor-version":[{"id":4721,"href":"https:\/\/belgaumnow.com\/index.php?rest_route=\/wp\/v2\/posts\/4717\/revisions\/4721"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/belgaumnow.com\/index.php?rest_route=\/wp\/v2\/media\/4718"}],"wp:attachment":[{"href":"https:\/\/belgaumnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4717"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/belgaumnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4717"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/belgaumnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4717"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}