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Strong resolve of the Indian government to enhance the biofuel production and to cope with the energy insecurity issue in the near future, these circumstances render our project cosmic in scope. India is one of the largest economies of the world, multinationals involved in energy sector as well as the new firms that are planning to enter into the energy production sector by establishing biofuel industry in India will be interested a lot in the development of profitable business strategy for biofuel industry. There are two types of biofuel industries, one for the production of bio-methanol while the second is concerned with the production of the biodiesel. The industry for the production of bio-methanol has some roots in India and it is evolving successfully but the biodiesel industry is nascent and has numerous opportunities for the investors.

The bio-methanol is replacement for patrol while the biodiesel is the replacement of the diesel oil; diesel is the type of petroleum oils that is mostly used in transportation. This situation is encouraging for the new firms to enter the market because there is no competition in the present situation in this sector. The entering firms will be the leaders in the market as far as the production of biodiesel is concerned. As described above, the current study deals with the formation of profitable business strategy for biofuel industry, it involves the strategy for both the bio-methanol and biodiesel.

Biofuels enjoy numerous advantages over the fossil fuels, it is relatively economical and can enhance the levels of energy security because is a renewable source of energy rather than being nor renewable like fossil fuels. A report published by United States Department of Energy (2007) reveals that biofuels are green energy sources because they do not add to the greenhouse gases in atmosphere. The green house gases that are emitted due to burning of biofuels are reabsorbed by the crop plants that are sown for the production of biofuels. Increase in green house gases in the atmosphere is one of the serious concerns related to consumption of fossil fuels and it serves as a rationale to use biofuels.

This project has great importance because it will help to reduce green house gases and global warming by increasing the biofuel consumption and reducing the fossil fuels consumption. The establishment of biofuel industries in the rural areas will guarantee more employment opportunities for the inhabitants of these areas. Improvement in transportation infrastructure, both roads and railways, will be the result of this project. The per capita income will be positively affected by the results of this study.

1.5 Rational

Biofuel industry is thriving in different developing countries, China and Brazil are the striking examples from all over the world among developing nations while developed nations like USA and UK are also payin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。