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INDUSTRIAL POLICY FOR RENEWABLEENERGY
DEVELOPMENT IN INDIA
Ministry of Non-Conventional Energy Sources is promoting
medium, small, mini and micro enterprises for manufacturing
and servicing of various types of renewable energy systems
and devices. Industrial policy measures include:
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Industrial clearance is not required
for setting-up of renewable energy industry.
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No clearance is required from Central
Electricity Authority for power generation projects
upto Rs. 100 crores (Rs. 1000 million).
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A five year Tax holiday allowed for
renewable energy power generation projects.
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Soft loan is being made available
through IREDA for renewable energy equipment manufacturing.
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Facilities for promotion of export
oriented units are available for renewable energy industry
also.
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Financial support is available to
renewable energy industries for taking up R&D projects
in association with technology institutions.
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Power project import allowed.
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Private Sector Companies can set
up enterprises to operate as licensee or generating
companies.
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Customs duty concession is available
for renewable energy parts/equipment, including for
machinery required for renovation and modernization
of power Plants.
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Excise duty on a number of capital
goods and instruments in the renewable energy sector
has been reduced/exempted.
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