Positive impactSector
Gadkari urges sugar mills to make CBG; says Rs 22 lakh crore goes abroad for fuel imports
Times of India 2 hrs ago·23 Sept 2026, 2:34 pm
Union Minister Nitin Gadkari has urged sugar mills to produce more compressed biogas (CBG) to reduce India's heavy reliance on imported fuel. He noted that a massive amount of foreign exchange, approximately Rs 22 lakh crore, is spent annually on crude oil imports. By converting agricultural waste and sugarcane residue into CBG, mills can generate domestic energy and create a new revenue stream.
This move aligns with the government's push for cleaner energy and the 'waste to wealth' concept. For investors, this signals a potential expansion in the bio-energy sector, benefiting companies that supply equipment or technology to the industry. It also highlights the long-term viability of the agricultural value chain beyond traditional sugar sales.
Investors should watch for policy deadlines and the pace at which mills adopt these new technologies. Successful implementation could lower the country's import bill and boost the profitability of sugar companies, but the transition will depend on the availability of adequate infrastructure and government incentives.
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