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India to build 12 biofuel refineries, says Modi

The South Asian nation, which imports up to 80 percent of its oil needs, plans to invest 100 billion rupees and would build 12 biofuel refineries, Modi said.


Reuters Last Updated at 10 Aug 2018, 11:08 IST India

India aims to cut down its oil import bill by 120 billion rupees ($1.74 billion) through increased use of biofuels, Prime Minister Narendra Modi said on Friday.

The South Asian nation, which imports up to 80 percent of its oil needs, plans to invest 100 billion rupees and would build 12 biofuel refineries, Modi said.

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