The power ministry has opposed immediate imposition of import barriers on power generation equipment from China to protect domestic manufacturers. This includes a 14 per cent safeguard duty. The power ministry wants to introduce such measures from April 2012 or the beginning of the 12th Plan in order to avoid tripping ongoing projects and increased cost of electricity.
According to the power secretary, the Planning Commission report recommending such measures has wrongly projected agreement of the ministry.
Equipment worth Rs 250, 000 crore has been sourced from China by the Indian power producers due to the inability of local manufacturers to meet demand. Apart from this, Chinese equipment is cheaper due to state incentives and undervalued currency.
Source :
Duty on Chinese imports opposed by power ministry
No comments:
Post a Comment