In India, the Press Trust of India reports the government will allow sugar mills to present proposals for investment in ethanol production capacity expansion and new distillation projects through October while grain-based ethanol projects are also included in the latest round of soft financing. The program subsidizes 6% per year of interest rates or 50% of the total interest rate offered by banks to finance projects. It is part of the government’s wider efforts to expand ethanol production capacity and reduce reliance on fossil fuel imports.
