In order to move faster towards its clean energy goal, India will set up many bio-ETHANOL plants across the country under the cooperative sector with the Krishak Bharti Cooperative Limited (KRIBHCO) taking a lead in this direction at Hazira.  
The ministry of cooperation on Tuesday said ETHANOL production will change the economy of the petroleum sector of the country in the coming days, and will also save about Rs 1 lakh crore in foreign exchange reserves. 
The foundation stone of the KRIBHCO Hazira’s bio-ETHANOL project was laid by Union home and cooperation minister Amit Shah in September. The plant will use maize as bio resource and will also provide raw material for high protein animal feed, fis-heries and poultry. 
“KRIBHCO’s bio-ETHANOL project is a big leap in the direction of cooperative sector, environmental improvement, doubling of farmers’ income, increasing of India’s foreign exchange reserves and combating global warming challenges which are significant part of PM Narendra Modi’s multidimensional campaign,” said an official statement on the ministry’s year-end review 2022. 
India has already achieved target of 10% ETHANOL blending five months before the deadline and now the target of 20% ETHANOL blending by 2030 has been advanced to 2025.  
The ministry’s year-end review listed all the projects and new initiatives which have been approved under the cooperative sector. Out of 30 lakh cooperatives in the world, 9 lakh are in India.