26 Dec 2009 | India
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Oilseed and Biodiesel Industry in India
July 8, 2009 by Guest, 24 weeks 3 days ago
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We were aware that the lobbyist and the UPA government have always worked together. Such acts of omission and commission are nothing new.
While the Indian government has done very little, rather discouraged and derailed indigenous biofuel and biodiesel projects in particular, the import duty cuts on biodiesel imports and providing for excise exemption for up to 20 per cent blending is clearly the handiwork of lobbyists in the finance ministry at the behest of some biodiesel producers elsewhere, not definitely in India.
Time and again, we have seen such acts being done undercover. This will cost the domestic oilseed industry dear.