India explores Brazil's ethanol tech to reduce oil imports

16 Oct 2023 CW Team

India expressed its intention to decrease its reliance on crude oil imports by adopting advanced technologies similar to those employed by Brazil for ethanol mixing. The two nations mutually agreed to increase their trade volume, setting a target of $ 50 billion by 2030, a significant jump from the current $ 15.2 billion. Commerce Secretary Sunil Barthwal, during the trade data release on October 13, emphasized the importance of cooperation in the field of ethanol and bio-fuel blending. He stated, ?Ethanol and bio-fuel blending is an important area of cooperation where we feel Brazil and India can learn from each other. In fact, Brazil has very advanced technologies available on ethanol mixing with petrol and diesel, which will help us reduce our dependence on crude, petroleum imports.? India has been intensifying its efforts to achieve a 20 percent ethanol blending ratio with petrol by 2025, aiming to decrease its reliance on crude oil imports. As of June 2022, the average blending rate stood at 10 percent ethanol in petrol. Given that Brazil, a leading producer of sugarcane and ethanol, has been at the forefront of integrating biofuels into its fuel economy, India seeks to emulate Brazil's success. India hopes to benefit by adopting the techniques used by the Latin American nation for ethanol blending. According to data from the Department of Commerce, India's overall crude oil imports surged to $ 162.2 billion in FY23, compared to $ 107.5 billion the previous year.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..