"Biodiesel could be an important renewable substitute for fossil fuels. And, in certain parts of the world, governments and some corporations consider the jatropha plant, common in hot climates, one of the most promising sources of biodiesel. The plant can grow in wastelands, and it yields more than four times as much fuel per hectare as soybean, and more than ten times that of corn. But the commercial-scale cultivation of jatropha, which has not previously been grown as a crop, raises several significant challenges."
"So far, the project has signed up 5,000 farmers representing 1,000 hectares of land. The goal is to have 8,000 hectares under cultivation by March 2008, and Adholeya says that the success of the first crops has drawn interest from many more farmers. By the end of 2008, TERI plans to have a production facility producing biodiesel from jatropha. Eventually, it aims to produce 90 million liters of biodiesel annually."
News and information about Biodiesel & alternative fuels.
Via an email from my Dad, here's an MIT Tech Review article about India and Biodiesel: