Government defends ethanol push: cites energy needs, farmers, Maruti and Henry Ford | Today’s news

“Over the past few years, public sector banks have almost funded ₹1 million crore annually in investment in ethanol production and related infrastructure. Dedicated ethanol plants, distilleries, storage facilities and logistics networks have been created to meet India’s blending targets,” the ministry said. What happens to excess production capacity? What will happen to the thousands of crores that farmers, cooperatives, entrepreneurs, financial institutions and public sector companies invest in good faith based on national policy?