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time. It will help to reduce the cost of production by saving the transaction as well as marketing costs by the provision of the guaranteed market to the farmers.

Biofuel industry can thrive successfully in India by utilizing the manpower in the India that is abundant and is available at cheap rates, this will also help to reduce cost of production and increase the profitability of this industry. This industry can develop and play vital role in the empowerment of the poor masses of rural areas of India by involving them in the innovative and creative process of biofuel production.

The initial constraints in the development and improvement of biofuel industry in India can be overcome by providing the organizational as well as policy support to the people of rural areas, especially farmers, and by providing them initiatives for the production of raw material. These initiatives should be provided to as much of the farmers as possible to ensure success and promotion of biofuels in the country. The incentives should be sustained for long run and government should play its part along with the biofuel industry in this regard.

To become competitive and cost effective as compared to the traditional fuels in the market, biofuels should be manufactured with novel technology and trends, it is essential if these fuels are to be successful in India. Different production models should be tested on large scale economies to evaluate their cost effectiveness and availability of raw materials.

The models which are pro poor should be given more importance and these models should be appropriately run and guided in the right direction for the development of the biofuel industry in India.

6.3 Recommendations for investors and stakeholders in biofuel industry

One of the aims of this study was to formulate recommendation for the investors and major stakeholders in this industry, in light of the data collected and analyzed following recommendations are formulated for them.

The demand of the biofuels especially that of biodiesel is immense in the transport industry of India and the current biofuel industry set up is unable to cope with the challenges and landmarks set up by the Indian government, that is why the investors should grasp this opportunity to invest in the research and establishment of new manufacturing units of biodiesel in particular and bio ethanol in general.

The stakeholders should take immediate measures to expand their current business of biofuel production and manufacturing, major stakeholders involved in this sector include the farmers, on large as well as small scale, the cattle growers, food industry, government and transporters.

All these stakeholders should work collaboratively in order to develop this industry and obtain maximum gains, the issues and concerns of each of the stakeholder should be discussed appositely.

Due to the extensive use of sugarcane and molasses as a raw material, there are concerns among the sugar industry stakeholders about the c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。