To redress environmental woes and cut production cost, industry in Punjab is shifting to green fuel (LPG). Industries dealing in bicycle manufacturing, forging and heat treatment, bakery, steel rolling mills and textiles have started using LPG instead of pet coke and furnace oil as fuel.
According to experts, the trend is catching up and likely to get boost if the government reduces GST on LPG, which is currently taxed at 18%. Experts say the return on investment takes around 3-4 months depending upon the deployment of gas in the manufacturing process.
According to estimates, around 200 units in the states across different sectors have already diversified and shifted to greener fuels. Read More
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