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ISMA leadership meets Union Minister Nitin Gadkari to seek support in addressing sugar industry challenges

The leadership of Indian Sugar & Bio-energy Manufacturers Association (ISMA), Prabhakar Rao Mandava, President, Gautam Goel, Vice President, and Deepak Ballani, Director General, recently held a meeting with Nitin Gadkari, Union Road Transport and Highways Minister. The purpose of the meeting was to seek support in addressing key challenges facing the sugar industry.

The discussion with minister covered several critical issues, including the need to address the differential pricing of E-100 ethanol fuel by implementing a fair pricing strategy. ISMA leadership also emphasized the importance of aligning GST on Flexible Fuel Vehicles (FFVs) with Electric Vehicles (EVs) to promote the adoption of sustainable fuel options and support the government’s green initiatives. Additionally, they discussed the need to enhance the dispensing of 20% blended ethanol.

According to the Petroleum Planning & Analysis Cell (PPAC) Monthly Ready Reckoner report, ethanol blending with Petrol was 15.4% during May 2024 and cumulative ethanol blending during November 2023- May 2024 was 12.6%. As on 01-06-2024, 14,611 PSU outlets out of 81,698 total PSU Retail Outlets are dispensing E20 Ethanol Blended MS.

Sugar Times Team
Sugar Times Teamhttps://www.sugartimes.co.in
The Sugar Times Editorial Team is a group of experienced journalists, analysts, and industry experts dedicated to providing in-depth coverage and insights on the global sugar industry. With years of experience in agriculture, trade, sustainability, and market trends, the team brings a wealth of knowledge and expertise to every article they produce.Focused on delivering accurate, timely, and relevant news, the Sugar Times Editorial Team aims to keep industry professionals, stakeholders, and enthusiasts informed on key developments in sugar production, trade policies, innovations, and sustainable practices. Their collective goal is to help readers navigate the complexities of the sugar sector and stay ahead of emerging trends shaping the future of the industry.You may submit your article on info@sugartimes.co.in if you have valuable contributions for the industry readers.
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