According to a recent statement from Vilas Muttemwar, Indian minister for non-conventional energy sources, German and US companies are keen to invest a sum of INR 100 Billion (US$ 2.1 Billion) in manufacturing systems and devices for renewable energy in SEZ (special economic zone). He further said that the ministry would, very soon, identify the locations to set up SEZs. Locations including Tamil Nadu, Andhra Pradesh, Chhattisgarh, and Maharashtra are being studies for this purpose.
During 2005-2006, production of crude oil in India stood at 32 Million Ton, while imports remained nearly 99 Million Tons. In order to achieve the envisaged economic growth of more than 8%, the estimated power requirement, as of 2030, has been raised to 950,000 megawatts from the previous laid down figure of 800,000 megawatts.
As per a Research Analyst's view at RNCOS, who has recently researched a report on "Biofuel Market Worldwide (2006)", "With foreign investments pouring in, Indian Biofuel industry is set to witness dramatic growth in the coming years."
The report, which has been recently updated, now provides a detailed overview of the world biofuel market besides the emerging trends and exclusive forecasts. It also has a new section on profiles of key players in the industry.
Key Issues And Facts Analyzed By RNCOS Report "Biofuel Market Worldwide (2006)" include:
- Key market trends in the Biofuel industry.
- Cost analysis of Biofuel.
- Regional markets vary on the basis of their policies and the trends.
- Where will Biofuel market be after 4 years?
- The prospects that exist for Biofuel in the global market.
- What are the driving factors for Worldwide Biofuel market?
- The market is affected by other factors prevailing in the economy.
- The various government support programs and Major Biofuel projects.
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