The cuts in import taxes in the Budget for renewable energy equipment might not suffice to increase the competitiveness of domestic manufacturing, industry players feel. Strengthening of the renewable purchase obligation on the state power distribution companies and a mechanism to ensure timely payment by the discoms would have helped, they say.
While Tulsi Tanti, the chairman and managing director of Suzlon Group, attributed the tax reliefs as “a much needed progressive moves”, he added that the renewable industry was hopeful of the Budget enabling the domestic industry to face import competition. Anil Sardana, managing director of Tata Power, said that the strengthening the renewable purchase obligations mechanism is essential and should be part of the government’s larger vision for renewable energy. Read More…
Credit By : Financial Express
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