Mishtann Foods Limited has executed an MoU (Memorandum of Understanding) with the Government of Gujarat to set up a Grain-based Ethanol plant of 1000 KLPD capacity. The MoU for setting up a Grain-based Ethanol plant in Gujarat and cooperation in other business areas of mutual interest was signed by Dr Rajiv Kumar Gupta, IAS, Additional Chief Secretary, Industries & Mines Department, and Shri Hiteshkumar Gaurishankar Patel, Director of Mishtann Foods Limited in the presence of Shri Bhupendrabhai Patel, the Hon’ble Chief Minister of Gujarat, at Swarnim Sankul, Gandhinagar.
The Hon’ble Prime Minister has launched a Roadmap for 20% Ethanol Blending in Petrol by 2025, intending to reduce import of crude oil and save valuable foreign exchange. The decision to set up Grain Based Ethanol Plant is taken to augment the Hon’ble Prime Minister of India’s call for ‘Atmanirbhar Bharat’.
The Grain-based Ethanol plant will contribute to the economic development of Gujarat. The manufacturing facility will create direct employment for around 1000 skilled and semi-skilled labour and indirectly employ nearly 5000 individuals. The manufacturing facility will also provide benefits to more than 30000 residents in and around the area, due to indirect benefits accruing on account of development resulting in additional income generation.
The Grain-based Ethanol plant requires the direct acquisition of raw materials from 25000 farmers in and around the area. Primary Raw material is all kinds of grains that will be sourced from local farmers and APMC as well as from outside of Gujarat.