Emami Biotech, is planning to invest Rs. 400 crore within about 6 years time for the development of plantations in Ethiopia. This Emami group company has obtained land on a 45 year lease from the Ethopia government for the cultivation of this promising biofuel crop.
This company plans to extract 100,000 tonnes of crude- biofuel p.a which will be transported to West Bengal, India for the production of biodiesel in the company’s biodiesel plant. So far Jatropha has been cultivated in a 30,000 acres of land .
The initial investment of Emami Biotech will be around 120 crores. The majority of the funding would be through debt, the balance 30% would be funded by the company itself.
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