‘Biofuel policy implementation will attract ₹1 lakh cr. investment’ 

Implementation of the biofuel policy in Karnataka can potentially attract over ₹1 lakh crore investment in the State in the next five years, according to S.E. Sudhindra, chairman, Karnataka State Biofuel Development Board.

Mr. Sudhindra presented a report on the biofuel action plan and on his one-year tenure as chairman to Deputy Chief Minister D.K. Shivakumar.

He highlighted the vast opportunities in the biofuel sector in Karnataka and emphasised the need for a new biofuel policy to attract investors.

Mr. Shivakumar responded positively, promising that the government would support the growth of the biofuel sector and take steps to approve the new policy.

L. Shivshankar, managing director of the board, was present.