What are the potential benefits of allowing up to 35% bio-bitumen mixing in India's infrastructure projects
Discuss the impact of bio-bitumen mixing on foreign exchange outflows and the economy.
- 1. Environmental benefits: Bio-bitumen is eco-friendly and reduces carbon emissions, contributing to a more sustainable infrastructure development.
- 2. Cost-effective solution: Bio-bitumen mixing can lower the overall project costs, making infrastructure projects more economically viable.
- 3. Reduced dependency on traditional bitumen: By allowing up to 35% bio-bitumen mixing, India can reduce its reliance on imported petroleum-based bitumen, thus enhancing energy security.
- 4. Impact on foreign exchange outflows: With increased use of bio-bitumen, there will be a decrease in the import of petroleum-based bitumen, leading to savings in foreign exchange outflows.
- 5. Economic growth: The promotion of bio-bitumen mixing can stimulate the domestic biofuel industry, creating new employment opportunities and boosting the overall economy.
Answered
9 months ago