India Can Play Leading Role In Sustainable Aviation Fuel: Akasa's Ghosh

There is a gap of around $350 million in terms of funding between traditional aviation fuel and 10% blended fuel, he said

Topics

Akasa Air | Civil Aviation | Aviation fuel

Press Trust of India 



Aditya Ghosh

Aditya Ghosh

').insertAfter(".article-content__img");$(".article-content__img div").find('div').remove();

Co-Founder Aditya Ghosh on Monday said India can play a leading role with respect to sustainable by plugging into the global supply chain opportunities.

Airlines and airports will be pushed to take sustainable measures, he said but added that currently, sustainable is much more expensive compared to the traditional fuel.

Ghosh, an aviation industry veteran and former IndiGo chief, was speaking at the CAPA aviation summit in the national capital.

There is a gap of around $350 million in terms of funding between traditional and 10 per cent blended fuel, he said.

According to him, India can plug into the global supply chain opportunities in the context of Sustainable Aviation Fuel (SAF). India can play a leading role in solving the problems for the world, he added.

In this context, blended fuel means 10 per cent of SAF blended with traditional fuel.

The government is working on mandating blending of jet fuel with SAF as the country works on ways to reduce emissions.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

First Published: Mon, March 20 2023. 22:12 IST


RECENT NEWS

Rising Rates, Rising Challenges: Bankers Adapt To Serve Troubled Companies In A Changing Economic Landscape

As interest rates climb, troubled companies are facing heightened financial pressures, prompting them to seek assistance... Read more

The Elusive Nature Of Fraud Detection: Exploring The Auditor's Dilemma

In the intricate world of financial reporting, auditors serve as guardians of integrity, tasked with uncovering discrepa... Read more

The Battle For Depositors: US Lenders Ramp Up Efforts Amidst Rate Uncertainty

In the competitive landscape of the US banking sector, retaining depositors is paramount for lenders seeking to maintain... Read more

Beyond Capital: Unveiling The Complexities Of Bank Failure Prediction

In the realm of banking, the ability to predict and prevent failures is paramount for financial stability and consumer c... Read more

Central Banks And The Economic Horizon: Steering Through Uncertaintie

In the evolving landscape of global financial markets, the strategic role of central banks has come under intense scruti... Read more

Transforming Financial Operations With Robotic Process Automation

Author: Ricardo Goulart                           ... Read more