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enhances the needs for the development of the biofuel industry is the fact that biofuels are non renewable resources of energy. They will run out ultimately and require million of years for their formation; this fact also necessitates all countries including India to move forward towards the renewable sources of energy. Biofuels as stated above are synthesized by utilizing crop and animal residues are the most suitable and renewable energy replacement for fossil fuels. Governments, both the regional and national, are making policies to promote biofuels by making different policies to enhance biofuels production.

India has a vast economy and to support this economy it heavily relies on the fossil fuels but the problems and events stated above have caused energy insecurity for the country.

To cope with this insecurity in the energy sector, Indian government has announced to increase the consumption of biofuels in transportation up to 20%. This will help to reduce the reliance on the crude petroleum oils that are currently used to fulfill more than 90% of the energy requirements of the country. The establishment of biofuel industry can be of great help to reduce unemployment in the rural areas, Government is adapting policies to encourage foreign as well as local investors to establish biofuel production units in the country to meet its goal of 20% consumption of biofuels in transport sector. Biofuel industry is still immature in India, the plants for production of bio-methanol are in operation but the biodiesel industry is a nascent industry in India.

There is want of a profitable business strategy for the development of biofuel industry in India, the establishment of such a strategy is essential for the attraction of foreign direct investment for this industry as well as the strategy will help the existing firms to adapt a profitable strategy. Keeping the above discussion in view, we formulate the research question for this study, “What is the profitable business strategy for the development of biofuel industry in India?”

1.2 Aims and Objectives

Biofuel industry is still in its early age in India and other developing countries but to cope with the energy insecurity that is related to the use of fossil fuels, government are keen to establish biofuel industry in India. The policies in this regard are encouraging for the local as well as foreign investors to take a plunge into this newly evolving industry. Keeping in view the current status of the biofuel industry in India, the current study is conducted to achieve following aims and objectives.

The core objectives of this study are:

To scrutinize the existing condition of energy economics in India.

To evaluate the existing situation of biofuel industry in India.

To develop a profitable business strategy for biofuel industry of India and devise recommendations for the investors and stakeholders.

1.3 Research Questions

What are the existing conditions of biofuel industry in India?

What are the existing an本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。