Algae Biofuel Summit 2008

India is home to a billion people, about a sixth of the world's population. The demand for mobility and automobiles in India has also been growing along with the economic progress. Passenger vehicle sales in India crossed the million mark last year and...

India is home to a billion people, about a sixth of the world's population. The demand for mobility and automobiles in India has also been growing along with the economic progress. Passenger vehicle sales in India crossed the million mark last year and this has been spread over different classes of vehicles. The country faces problems in regard to the fuel requirement for increased transportation demand and now imports about 70 per cent of its petroleum requirement. Widely fluctuating world prices of oil have long been a destabilizing element for the country's balance of payments.

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