Biofuel Pact: Rs.500 Billion Economic Boost

12 Feb 2024 CW Team

In a groundbreaking announcement, Prime Minister Narendra Modi revealed a strategic biofuel agreement that is set to unleash Rs.500 billion in economic opportunities. The pact focuses on harnessing the potential of biofuels, aligning with the global shift towards sustainable energy.

This initiative aims to propel India into a leadership position in the renewable energy sector, fostering economic growth and job creation. Modi highlighted the multifaceted impact of the biofuel deal, emphasizing its role in reducing carbon emissions, mitigating climate change, and ensuring energy security.

The key components of the agreement include investments in research and development, infrastructure, and fostering collaborations with international partners. The move is expected to stimulate innovation and position India as a frontrunner in the green energy revolution.

Experts anticipate a surge in investment across biofuel-related industries, such as agriculture, technology, and manufacturing. The biofuel pact signifies a strategic step towards a greener and more sustainable future, aligning with India's commitment to achieving its climate goals.

This landmark announcement comes at a crucial juncture when the world is seeking innovative solutions to address environmental challenges. The biofuel pact, with its ambitious scope and potential economic windfall, marks a significant milestone in India's journey towards a cleaner, more prosperous future.

Infrastructure Transport

16 Sep 2025

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..