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ket to enhance the overall production of the industry. The firms should enter into this industry with the new technology i.e. Jatropha processing plants to obtain maximum production as well as profit.

Despite the utmost effort for collection of data to obtain the above discussed results, some time and resources constraints may have rendered these results some uncertainty. Interviews should have been conducted in direct meetings with the managers but time and limited resources did not allowed the researcher to conduct face to face interviews. The study could have been more extensive by taking large sample size but time was limited and only three companies were analyzed for this purpose.

Through this research, we have found that biofuel industry of India is largely dependent on the sugarcane molasses, Jatropha oil seeds are the best alternatives. New firms can utilize this crop to produce bio diesel and ethanol with reduced cost of production as compared to the sugarcane or sugarcane molasses. The dependence of only one crop is not logical for energy security as well as industry; new technologies should be adapted for the energy efficient ways of synthesizing biofuel energy.

6 Chapter 6- Conclusion and Recommendations

Biofuels are emerging source of energy and are thought to replace the existing non renewable sources of energy, it has become a huge industry in the developed and developing countries of the world especially USA, England, Brazil, China, India etc. The current study was aimed at the analysis of current situation of biofuel industry in India and development of profitable strategy for the existing and new firms in this industry. India is one of the largest consumers of energy in the world but more than 80 % of its energy requirements are fulfilled by the imported conventional fuels.

For the development of profitable business strategy the biofuel production technique of existing firms was studied by conducting an email survey and online interview with the help of voice Skype software, managers of the large biofuel producing companies were randomly selected for the interview and they were asked question about the present technology for the biofuel production, it was found that the whole industry is utilizing sugarcane or molasses, a by product of sugar industry. But the energy conversion efficiency of sugarcane and molasses is very less due to which per litre cost of production of ethanol as well as biodiesel is more and profit is less.

Among other crops that are potential source of biofuel are maize, sweet sorghum and tropical sugar beet, these crops are also cultivated on large scale in India for sugar production and as fodder for cattle. Studies on sugar beet have revealed that it has better energy conversion ability as compared to the sugarcane, sugarcane requires high amount of energy for its cultivation in the form of water, fertilizers, pesticides etc. Jatropha is another plant that can be cultivated for production of ethanol plus biodiesel. Different crops have their own merits and limitation for use in the biofuel industry.

The analysis of data collected during this study revealed that Jatropha should be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。