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Economy News, Latest Economic News Today | The HinduBusinessLine

GE, HAL clinch tech deal on joint jet engine plan India rejects USTR allegations, seeks termination of Section 301 probe Indian automobile sales record highest-ever sales in FY26, first time after FY19: SIAM Madhya Pradesh CM says basmati rice from the State is exported to 47 nations 63 Moons’ cybersecurity arm pilots GPS-spoofing solution at Indian airports Highways ministry notifies amendment to streamline fee for overloaded vehicles on NHs Global aviation crisis deepens as fuel shortage, Iran conflict hit airlines TRI launches agri-voltaic project to help farmers earn double income Hotel industry to hit $31 billion in 2029; listed hotel firms set to add 70k rooms by 2030: CBRE Temperatures may trend up over North-West, Central India until weekend Reduction in airport tariff credit neutral, minimal impact on revenue: Ind-Ra Global coffee prices rise as fertiliser costs and West Asia tensions threaten supply Bluspring Enterprises to acquire LSG Sky Chefs India, enters aviation catering sector China says policy to improve relations with India remains unchanged amid Arunachal naming row Research firms divided over impact of below normal monsoon on food inflation Unnat Krishi Mahotsav concludes, farmers to emerge as energy, fuel & hydrogen providers, says Gadkari Airlines may get ₹5,000 crore credit support under proposed ECLGS variant How kashmir’s breakthrough is making Gucchi mushroom farming possible Centre not taking away State’s power on bonus for agri produces, says FM Sitharaman Carriers cut flights on cost pressures, uncertain demand GE Aerospace scales AI from pilots to production; India anchors global capability West Asia crisis may push India’s current account deficit to 2% of GDP: Crisil Tax Dept to resume Tiger Global reassessment, says GAAR relief won’t alter SC ruling Ceasefire talks fail to restore vessel movement in Strait of Hormuz, fate of 599 ships remain inconclusive DMRC launches mid-life refurbishment of Blue Line trains to enhance safety and passenger experience Retail inflation likely rose 3.5-4% in March India-UK free trade pact may come into force from second week of May: Official 'West Asia war a good opportunity for energy reforms, lower costs for industry' India’s marine exports surge to ₹62,408 crore in 2024-25, Govt sets ₹1 lakh crore target PM Modi to inaugurate Dehradun-Delhi Expressway on April 14 India’s economic growth journey huge opportunity for international partners: Kwatra From diesel to daylight: How government solar schemes are powering India’s farmers The next energy leap: Replicating ethanol’s success in diesel Delhi EV Policy: Electric 3-Wheelers Only by 2027, 2-Wheelers by 2028 Windfall levy on export bound diesel, ATF raised India-flagged LPG tanker Jag Vikram crosses Strait of Hormuz after US-Iran ceasefire Muted pricing power, rising costs to curb benefits of demand in cement sector: HDFC Securities Central Railway to run four special local trains for Ambedkar Jayanti Cotton Association revises output estimates for 2025-26 up at 324 lakh bales of 170 kg each Agtech marketing in the age of regional content and creator communities Rajnath Singh, Nitin Gadkari to join 3-day agri event at Shivraj’s home turf, inaugurated today How agripreneurship will drive improved rural livelihoods in India World’s largest tur producer, yet an importer: A self-sufficiency puzzle unfolding on ground Ethanol in diesel generators: India’s next practical step towards energy security How sustainable sourcing can unlock value in India’s agri-value chains West Asia Crisis: Induction cooking may consume 13-27 GW power Govt defers power plant maintenance for three months; ready for summer demand Tractor sales cross 10 lakh mark in FY26 on strong rural demand, GST cut India to continue buying Russian crude oil India’s textile and garments exports to the US declined 28.7% in February 2026 Why India’s ₹5 pack won’t disappear, but getting smaller West Asia conflict: LPG usage at 21-month low in March E-way bill generation surged all time high of over 14 crore in March Cotton prices firm up tracking global prices Corn prices poised to fall on Iran-US ceasefire pact Air India at critical stage of transformation: Tata Sons Chairman FYL91 commences new flights to Hyderabad, Rajahmundry and Vijayawada Telangana’s GST revenue up 15% in last 3 months ASMS launches agri-commerce network AYOU in Hyderabad Ladakh turns to apricot blossoms to stretch short tourism season Govt proposes overhaul of company incorporation rules to cut paperwork, enable risk-based checks HAL delivers 4 helicopters to Coast Guard Charter services operators urge review of ATF pricing Structural gaps affect growth of India’s high-value horticulture sector: Report Rubio set to visit India in May to discuss trade, tariffs, defence, Quad DGFT rolls out procedure for allocation of calcined coke Qatar vows to remain reliable energy supplier to India amid West Asia tensions Gadkari bats for 100% land acquisition before approving NH projects India must rethink West Asia energy reliance after biggest shock in decades, says ONGC chief Sumeet SSG partners Pinnacle Industries to strengthen Maharashtra’s EMS fleet Consumer durables growth muted as demand slows, margins shrink: HDFC Securities March 2026 was the fourth-warmest month on record, says European weather agency India relaxes rice exports norms to some European countries Unseasonal rains damage rabi crops on 2.49 lakh ha, wheat most affected: Agri Minister ADB projects 6.9% growth rate for current fiscal, 70 bps lower than FY26 India-UK FTA likely by May 1; EU trade deal expected by year-end Dubai limits foreign flights until May 31, letters show, hitting Indian airlines hardest India in talks with 20 more countries to open market access: Piyush Goyal ADB ups India's FY27 growth projections to 6.9% Iran control of Strait of Hormuz in focus as tanker turns back, Trump raises concerns India mulls creating 30-day LPG strategic reserve Fire at Mumbai airport terminal delays flights Lesson from West Asia conflict is to factor-in adverse scenarios while framing policies: Oil Secretary Maharashtra government expands agricultural oversight structure Surging Raw Material Costs Hit PVC and Packaging Industries Hard Unseasonal rain, hailstorms, may drag Indian wheat output by over 5% Milky Mist beats FY26 targets, IPO on track, says CEO Delegation to visit Washington as India, US look to revive trade deal talks Only 10% of Indian key reservoirs are filled over 80% IMF warns of deepening global food crisis as fertilizer prices surge Yara India to ramp up digital strategy to strengthen retailer connectivity War-induced risks cushioned by ample buffer for India: World Bank DGS issues direct pass-through of port concessions to exporters amid West Asia crisis Israel allows import of Indian okra seeds, wants virus-free declaration India now seen as ‘safe anchor’, offers stability, predictability and prospects: Shaktikanta Das CropLife asks farmers to tap zaid season window after rabi loss and below normal monsoon ahead Indian trade delegation to visit Washington this month Construction equipment sales fall 13 per cent in FY26 on project delays, weak execution: FADA El Niño threat puts brakes on FY27 auto growth as rural demand risks rise Indian govt hikes NBS fertilizer rates for kharif season by up to 21% to ₹41,533.81 crore
India eyes global bio-energy leadership with unified push on capital, missions and SAF exports
By ANI · 2026-06-13 · via Economy News, Latest Economic News Today | The HinduBusinessLine

India can turn bio-energy into a major export engine and a pillar of energy security, industry leaders said on the sidelines of India Bio-Energy Conference 2026, with calls for a single nodal agency, state-wise resource missions and a big push on implementation for bio-fuels and Sustainable Aviation Fuel.

"Time now for a big bank announcement and more importantly, the big bank implementation," said Lt Col Monish Ahuja (Retd), Co-Chair of the National Committee on Bio-Energy under the Trade Promotion Council of India. "Announcements we will make but we need to go on the implementation side for these bio-fuel projects and I think sky is the limit for India," Ahuja said India's leadership is already visible through the Global Bio-Fuel Alliance launched during the G20 Presidency and the government's focus on Atma Nirbharta, energy security, net zero and carbon circularity.

However, he flagged fragmented governance as the top challenge. "Capital requirement for this sector, nodal agency for this sector... we still have multiple actions of government dispersed. Ministry of Agriculture for resource, Ministry of Housing and Urban Development, Ministry of Petroleum... Ministry of New and Renewable Energy, Rural Development, Finance Ministry... But where is one single port of call where the bio-energy sector can go?" he asked.

He suggested either a nodal ministry or an independent department to streamline decisions and funding. He also urged a targeted resource mission, adding, "Resource utilisation mission should be the way. Target that the resource of agriculture residue per state, per district, that pinpointed number of development needs to be set," Ahuja said. Looking outward, he said the Global South is watching India's model.

"Africa, South East Asia, all the agrarian economies. India's model needs to go there and get replicated. From compressed bio-gas and 2G ethanol to sustainable aviation fuel, e-methanol for shipping, green hydrogen from biomass and bio-chemicals replacing petrochemicals, he called bio-energy "a molecule and the molecule is a circular clean molecule."

Rajesh Mehta, Senior Consultant for Energy & Materials Transition at TNO Netherlands, noted that PM Modi's May visit to the Netherlands produced a strategic partnership covering water, green hydrogen, bioeconomy and semiconductors. "Companies are also moving forward with this excitement and trying to explore joint practice," Mehta said. TNO, which scales lab tech to pilot and deployment, is "really looking forward to engaging with the Indian counterparts... on how can we support them on the technology scalability and also deploying them for the Indian market."

On SAF, Rohit Kumar, Secretary General of the SAF Association, said India can meet domestic needs and export. "India has the potential to lead the SAF to the world... We have potential to be a leader in the bio-SAF and e-SAF," he said. Kumar said India could produce 5 to 7 per cent of global SAF, worth "15 to 20 billion dollars annually." Production is about to begin, with Indian Oil starting the first SAF plant at Panipat to meet a 1 per cent blending target from next year.

The government has announced blending targets of 1 per cent by 2027, 2 per cent by 2028 and 5 per cent by 2030, with Kumar saying, "We are waiting for the mandate and hopefully the mandate will come soon." He added that a robust feedstock supply chain and airport infrastructure work are underway with oil marketing companies to keep carbon intensity low and prices competitive. With the West Asia energy crisis putting clean fuels in focus, leaders said the IBEC 2026 gathering of NITI Aayog, energy advisors and oil marketing companies signals readiness. As Ahuja put it, "I think it is time now."

Published on June 13, 2026