India’s biofuels industry set to grow rapidly, says Prime Minister Narendra Modi

The third edition of India Energy Week (IEW) 2025 commenced on Tuesday, with Prime Minister Narendra Modi virtually inaugurating the four-day mega event.

PM Modi outlined India’s energy ambitions, stating that they are based on five key pillars: resource availability, a skilled workforce, economic strength, political stability, and strategic geography.

In a video message at IEW, he reaffirmed India’s commitment to global sustainability while driving domestic energy growth.

PM Modi stated that in the last 10 years, India has increased its solar energy generation capacity 32 times. Today, India is the third-largest solar power-generating nation in the world. Our non-fossil fuel energy capacity is three times larger. India is the first among the G20 countries to meet the goals of the Paris Agreement.

Speaking about how India is achieving sustainability goals ahead of schedule, he said, “Ethanol blending is another example of how India is achieving its targets ahead of time. Today, India is blending ethanol at 19%. This has led to savings in foreign exchange and has generated substantial revenue for farmers, as well as a significant reduction in CO2 emissions. We are on track to achieve the 20% ethanol mandate before October 2025.”

“Today, India’s biofuels industry is set to grow rapidly. We have a sustainable feedstock of 500 million metric tons. During India’s G20 presidency, the Global Biofuels Alliance was formed and is continuously expanding. Twenty-eight nations and 12 international organizations have joined it. It is transforming waste into wealth and setting up centers of excellence. India is continuously carrying out reforms to fully explore the potential of its hydrocarbon resources,” he further added.

IEW 2025 promises unparalleled global participation from ministers, CEOs, and industry leaders.

IEW 2025 will see participation from over 20 foreign ministers, deputy ministers (from Qatar, the UK, Russia, Brazil, Tanzania, Venezuela), along with heads of international organizations (Organisation of the Petroleum Exporting Countries – OPEC, International Energy Forum – IEF, International Energy Agency – IEA, Economic Research Institute for ASEAN and East Asia – ERIA) and 90 CEOs from Fortune 500 energy companies (like Honeywell, Petrobras, Technip Energies, ADNOC, Baker Hughes, Vitol).

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