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meet the energy needs of the developing world including India, China and Brazil. The demand for fossil fuels may not decrease but the demand for biofuels is likely to increase many fold in India (Giampietro and Ulgiati, 2005).

A lot of investment is required in this sector to boost it up and meet the national energy policies of India; it can be assessed by the results found by Von Lampe (2005) who estimated the investment required to enhance the biofuel production in USA and Canada. For the replacement of only 10% of the fossil fuels with the biofuels in domestic transport, about 30 to 40 percent of the crop area is required. These results show that the land and capital required for the biofuel production needs to be increased to a large extent.

The increase in the biofuel industry will ultimately lead to the increase in the crop area and production. This in turn will necessitate vast land and large volume of water to produce the biomass required for the biofuel industry (Patzek et al., 2005). To form a profitable business strategy, different crops have different efficiencies in terms of production of biofuels. Henke et al., (2005) conducted studies on efficiencies of different crop residues for biofuel production and found that sugar beet is most efficient while wheat is the least efficient crop in terms of biofuel generation. Sugar beet is cultivated on large scale in India for sugar industry and its residues are readily available in the market. We can say that there are several factors that require keen considerations if we want to develop a profitable business strategy for biofuel industry in India. Some of these include the availability of crops that are efficient in biofuel production, land requirements, location of the production plants, energy policies of government etc. In the following section the current situation of the biofuels in India is overviewed from the literature available.

2.5 Current Situation of Biofuels in India

The results obtained from the studies conducted by Gonsalves (2006) showed that India stands sixth in the energy requirements among all the countries of the world. This country required 3. 5 % of the total energy needs of the world in 2001. As far as the use of raw biomass to obtain energy in rural energy is concerned, fuel wood fulfills more than 75% of the energy requirements in domestic sector (Ramachandra et al., 2004). More than 90% of the energy needs of the country are fulfilled by the crude petroleum oil. Most of the oil is imported from different countries of the world.

The data related to petroleum oil imports of India shows that there will be an approximate increase of 6% per annum in these imports, these imports were of 98.26 million tones (MT) in 2005 and it is estimated to reach 166 MT and 622 MT by 2019 and 2047 respectively (GTZ, 2005).

There is acute need for the development of biofuel industry because the fossil fuel resources of the world are reducing rapidly. The fate of these fuels is extinction in near future; therefore to meet the energy requirements of the country it is essential to develop alternate sources of energy which is currently biofuel in India as well as throughout the world (Gonsalves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。