Shishir Joshipura on what GBA will mean for Praj Industries
Shishir Joshipura, MD & CEO, Praj Industries, says “this initiative will create a pathway for us, a very-very constructive dialogue with several countries where it is possible for those countries to emulate what India did and actually benefit from that because biofuels have multifaceted benefits for the society. From the social angle, it creates jobs in rural areas, from the economic angle obviously it creates a lot of wealth in the country and for an energy importing country, it makes immense sense to produce your own energy.”
The prime minister in the G20 Summit launched the Global Biofuel Alliance (GBA) and also invited all the other countries to join this particular initiative. How are you reading into this development?
This is one of the most important developments that has taken place in recent times, inviting a global forum for biofuel alliance.
If you would recall, there was a similar success story of the International Solar Alliance. I think the time has come for India to take the lead and that is what is happening under the G20 programme.
India, United States, Brazil and 19 other countries have come together to form a Global Biofuel Alliance and this is a very significant move because this means that we are now saying that biofuels have a very important role to play across the global economies to ensure sustainable development as we go forward in the future.
Specifically, what does this mean for the biofuel industry back home and for Praj Industries in particular?
Fundamentally, this is an invitation and if you read through the details you will see that this is a programme that calls for inclusive growth by inviting Global South to join this journey of biofuels and bioeconomy at large. What it means is that
