New Delhi: The government on Wednesday approved a multi-modal logistics and transport hub (MMTH) at Greater Noida in Uttar Pradesh with a view to making India a strong player in the global value chain.
The Union Cabinet also approved a proposal to set up industrial corridor nodes at Krishnapatnam and Tumakuru under CBIC, said Minister of Information and Broadcasting Prakash Javadekar.
"The proposals have a total estimated cost of Rs 7,725 crore and an estimated employment generation of more than 2.8 lakh persons," the minister said.
These projects will position India as a strong player in global value chains with developed land parcels in cities for immediate allotment for attracting investments, he added.
Cabinet approves interest subvention for ethanol distilleries
Government approved an interest subvention of Rs 4,573 crore for new distilleries producing ethanol, which can be used for doping in petrol, Oil Minister Dharmendra Pradhan said.
India will need about 1,000 crore litre of ethanol for doping in petrol by 2030 with a view to cut dependency on imports for meeting oil needs, he said adding that the nation currently has a capacity of 684 crore litres.
He added that the Cabinet approved a modified scheme to enhance ethanol distillation capacity in the country for producing first-generation ethanol from feed stocks such as cereals (rice, wheat, barley, corn and sorghum), sugarcane and sugar beet.
(PTI)
