Gadkari Breaks Silence on Ethanol Business Allegations Amid E-20 Fuel Row

Speaking out for the first time on the matter, the minister clarified the financial landscape of the ethanol project. He revealed that the venture carries a substantial debt of approximately ₹1600 crore. Furthermore, he emphasized that his sons' stake and their contribution to the profits are "extremely limited," painting a picture far removed from the lavish gains suggested by critics.

No Direct Role in Operations, Says Minister

Gadkari was quick to distance himself from the day-to-day operations and commercial transactions of the business. He stated unequivocally that he has "no direct connection" with the management, buying, or selling activities associated with the ethanol venture. This separation, he implied, should put to rest any suggestions of direct influence or conflict of interest.

The veteran politician also suggested a political undercurrent to the entire controversy. According to Gadkari, the allegations are being deliberately fanned for "political reasons," hinting at a calculated effort to discredit him and his family. The E-20 fuel policy, which mandates a 20% blend of ethanol with petrol, has been a significant policy push aimed at reducing India's crude oil import bill and promoting sustainable energy.

This direct rebuttal from Gadkari comes at a crucial time, as the E-20 policy continues to be a focal point of discussion regarding its economic and environmental implications. His statements aim to clarify the record and counter the persistent accusations that have shadowed his family's business dealings.

Frequently Asked Questions (FAQ)

Q1: What is the E-20 fuel policy?
A1: The E-20 fuel policy mandates a 20% blend of ethanol with petrol in India. It aims to reduce the country's reliance on crude oil imports and promote cleaner energy alternatives.

Q2: What were the main allegations against Nitin Gadkari regarding the ethanol business?
A2: Allegations circulating on social media suggested that Union Minister Nitin Gadkari's family was benefiting significantly from the ethanol business, creating a conflict of interest given the government's push for E-20 fuel.

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