Karnataka’s Biofuel Policy Could Draw ₹1 Lakh Crore Investment, Says State Board Chairman
New Policy Aims to Boost Green Energy, Create Jobs, and Enhance Rural Economy
Bengaluru: Karnataka’s proposed Biofuel Policy has the potential to attract investments exceeding ₹1 lakh crore over the next five years, according to S.E. Sudhindra, Chairman of the Karnataka State Biofuel Development Board.
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’s vast potential in the biofuel sector and stressed the need for a revised policy to encourage investor participation.
“If approved, the policy will offer incentives, subsidies, and infrastructure support to biofuel production units, paving the way for massive investments in the sector,” Sudhindra said.
Government Backs Biofuel Expansion
Deputy Chief Minister D.K. Shivakumar welcomed the proposal, assuring full government support for the policy’s implementation. “The state is committed to promoting clean energy and will provide all necessary assistance to develop the biofuel sector at every stage,” he said.
The meeting was also attended by L. Shivshankar, Managing Director of the Board, and Divakar Rao, Board Member.
Economic and Environmental Benefits
The proposed policy is expected to accelerate Karnataka’s transition toward sustainable energy while stimulating rural employment and agricultural growth. By leveraging biofuels—derived from organic and waste materials—the state aims to reduce fossil fuel dependency, cut carbon emissions, and create a circular economy.
Industry experts believe that with the right policy framework, Karnataka could emerge as a leader in India’s biofuel sector, attracting both domestic and international investors.
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.
Key Takeaways:
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Karnataka’s Biofuel Policy could bring ₹1 lakh crore in investments within five years.
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Policy to offer subsidies, incentives, and infrastructure support for production units.
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Deputy CM assures full government backing for sector growth.
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Initiative expected to boost green energy, rural economy, and job creation.
Key Quotes:
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S.E. Sudhindra, Chairman, Karnataka State Biofuel Development Board:
*”This policy will be a game-changer, unlocking over ₹1 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.”
- Deputy CM D.K. Shivakumar:
“The government is fully committed to supporting the biofuel sector—this is not just about energy, but also rural empowerment and job creation.”“We will fast-track approvals and ensure a business-friendly ecosystem for investors in green energy.” -
Industry Expert:
“Karnataka’s biofuel push aligns with India’s net-zero goals and could set a benchmark for other states.”
#BiofuelRevolution #GreenKarnataka #SustainableInvesting #CleanEnergyFuture
