"About energy efficiency, he said, "We also need to fix norms for energy efficiency of machines."I always talk about EVs such as cars, bikes, and buses. This is required to improve our competence. We should not give ISI (Bureau of Indian Standard) mark to those machines that are inefficient."He also spoke about converting farm stubble left after harvest into clean fuels for generating electricity and running vehicles which can increase farmers&China wholesale pallet mold39; income manyfold. We need to reduce various cost to make our exports competitive.New Delhi: Allaying fears of the automobile industry, Union Road Transport Minister Nitin Gadkari on Monday said there is no need to ban petrol and diesel vehicles as electric mobility has picked up momentum on its own and all buses would be electric in two years. There is issue with labour cost also. The interest cost # (on borrowing) is two-three per cent across the world. In the next two years, all buses would be electric and run on bio-ethanol and CNG (compressed natural gas)," Gadkari said while speaking at a National Conclave on Energy Efficiency in Micro, Small and Medium Enterprises (MSMEs) here.

There is not need to ban petrol and diesel vehicles. The borrowing cost for MSMEs in our country is 11, 12, or 13 per cent and sometimes up to 14 per cent..Taking about the cost benefit, the minister said, "If we run vehicles on electricity, it would be like cost of Rs 15 per litre of diesel..Earlier, government think-tank Niti Aayog had reportedly proposed that after 2030, only electric vehicles (EVs) should be sold in India. Now, we have plastic cylinders available from Germany which can save 50 per cent cost on LNG (liquefied natural gas) and 40 per cent on CNG.Talking about  MSMEs, Gadkari said, "We have a problem of (higher) capital cost.The minister also said the new policy provides for making it mandatory to procure power from waste-to-energy projects and classified it as "must-run" plants like we have done for the renewable energy such as solar and wind power. The portal will provide information, including tutorial videos for MSMEs to adopt energy-efficient technologies. There is also a need to keep a tab on power tariff (especially to promote MSME).. There is no need to make it mandatory.The minister added that we have inked agreement with World Bank, Asian Development Bank and KfW to facilitate low-cost line of credit for MSMEs.Currently, farmers burn stubble that causes air and soil pollution."Talking at the event, Power Minister R K Singh said the new power tariff policy has been sent for Union Cabinet approval which would settle issue related to cross subsidy, tariff surcharge and unscheduled load shedding.During the inaugural session, a memorandum of understanding was also signed between the development commissioner of MSME and the director-general of the Bureau of Energy Efficiency to develop a long-term road map for enhancing energy efficiency and security for the MSME sector through a focused intervention.

The government through its firms such as power giant NTPC has started procuring stubble pellets for using those as fuel in coal-fired plants. When I told industry in a meeting that I would prohibit smoke-emission machines in the country, all were afraid.. Later, Union ministers, including Petroleum Minister Dharmendra Pradhan, tried to allay the fear of automobile manufactures in the country by denying that. We need to reduce capital cost. In few countries, it is just one per cent.A panel headed by Niti Aayog Chief Executive Officer Amitabh Kant had earlier suggested that only EVs (three-wheelers and two-wheelers) with an engine capacity of up to 150cc should be sold from 2025 onwards.Meanwhile, at the event, the ministers also released energy conservation guidelines for MSMEs and launched the knowledge management portal 'SIDHIEE' under the Bureau of Energy Efficiency's programme for MSMEs."He also said, "If our logistics cost comes down, our exports could be one and a half times (from now).. Now, it has started naturally