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Agriculture sector seeks tax relief, biofuel and infra push ahead of Budget

Share FacebookTwitterWhatsAppPinterestLinkedinCopy URLTelegramEmailTumblrReddItPrintKoo NEW DELHI, Jan 21: Country’s agriculture and allied industry representatives are calling for tax cuts, increased funding for biofuels and stronger support for farmers ahead of the FY27 Budget, as the sector faces mounting climate pressures and aims to boost rural incomes. The demands come at a critical juncture as India approaches the midpoint of its agriculture targets for 2030 and lays the groundwork for its Viksit Bharat 2047 vision. Stakeholders have emphasised the need for sustained investment in innovation, infrastructure and market reforms to position Indian agriculture as a globally competitive growth engine.

Agriculture sector seeks tax relief, biofuel and infra push ahead of Budget

Credit: Dailyexcelsior

Key Highlights

  • SUGAR SECTOR REFORMS In a representation made to Finance Minister Nirmala Sitharaman, the All India Sugar Trade Association (AISTA) has demanded Rs 2,500 crore for advanced biofuels, including sustainable aviation fuel (SAF) and green hydrogen, alongside 25 billion rupees to help financially weak sugar mills build integrated bio-energy hubs.
  • India already imports vegetable oil, and ethanol can play an important role in alcohol-to-jet technology for SAF, the trade body said.
  • Producing one kilogram of hydrogen consumes 70 units of electricity, and infrastructure using ethanol for hydrogen production would benefit the sugar industry, it added.
  • Many sugar mills in the country, especially cooperative mills in Maharashtra, Uttar Pradesh and Punjab, lack distilleries and depend on sugar and molasses sales to meet financial commitments including cane price payments to farmers, wages and salaries.
  • “The financial help is necessary for them to install distillation capacities to produce ethanol, which is a value addition.
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Sources

  1. Agriculture sector seeks tax relief, biofuel and infra push ahead of Budget

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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