Tuesday, May 01, 2012

 Govt to encourage solar energy, says Farooq Abdullah
Kohinoor Broadcasting Corporation Ltd has now ventured into Solar Energy projects
Minister for new and renewable energy, Farooq Abdullah on Wednesday  said that India will restrict imports to encourage local manufacturers of solar power equipment and help domestic industry grow in the competitive environment, reports Economic Times.
The proposed agenda would be reflected in the second phase of the Jawaharlal Nehru National Solar Mission (JNNSM), the minister said. “Phase II of the mission would be 'Indianised' and we will put in all efforts to save the domestic industry. The government will limit imports and encourage domestic manufacturing to boost solar energy generation. We want our domestic solar industry to grow and survive in the competition," he added.
The minister's comments will cheer domestic players who have been asking the government to curb foreign involvement in the solar mission as it is hitting their market.
According to him, if foreign companies want to enter India for solar power generation, they must set up manufacturing facilities along with research and development centres. Supporting his idea, Vivek Chaturvedi, vice-president, marketing, Moser Baer (solar division), said, "We have always been open to level-playing competition. If the foreign companies set up their unit in India and then compete with the domestic manufacturers, it will work in the betterment of the solar energy sector only."
"India's manufacturing sector doesn't lack anywhere. Our level of subsidies is lower than other countries and this creates disparity. High subsidies enjoyed by the foreign players converts into low prices here, making it difficult for the domestic ones to match up to them," added Chaturvedi.

Courtesy: Infrawindow.com
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