InvestorQ : How does the government propose to incentivize sugar mills to expand sugar capacity?
Sam Eswaran made post

How does the government propose to incentivize sugar mills to expand sugar capacity?

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Moii Chavate answered.
6 months ago
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Government has aggressive targets to double ethanol capacity to achieve its 20% ethanol-petrol blending target by 2023. It may be recollected that this target date was advanced by 7 years, but now that calls for huge ethanol capacities. To facilitate ethanol capacity expansion, banks loans are being provided to sugar companies with interest subvention up to 6% borne by GOI. Fuel-grade ethanol output is up 5-fold and blending at 8.5%.
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