Cost savings in fuel supply from import substitution at a time of widespread uncertainty about the future costs and reserves of crude oil
Savings in critical foreign exchange
Increase in the local tax base
Regeneration and rehabilitation of the wasteland environment
Clean up of Indian industry and transport sectors by increased supply of biofuels
Contribution to the reduction of global green house gases
One of the less apparent benefits of the biofuels economy is the virtuous circle that is generated by the indigenous production of biofuels:
Reversing the outflow of capital spent on oil gives national and state governments more funds to allocate to other core economic activities such as education and health.
Providing employment in rural areas encourages the development and stability of rural economies, and prevents urban drift.
The use of biofuels in homes and for transport generates less harmful exhaust fumes, improving health and reducing the output of greenhouse pollutants.
IBFC's projects will bring not only economic but also social benefits to the communities it touches - many times greater than the original investment.
