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Finance minister has reduced the custom duty on permanent magnet, a driect-drive generator used in small wind turbine, from 7.5 percent to 5 percent.
This is believed to encourage wind power generators and accomplish India’s XIth Five Year Plan Period (2007-12) target of generating 10,500 MW wind power. During the 10th Plan (2002-2007), India saw installation of 5,426 Mw of wind power generation capacity, as against the target of 2,200 Mw.
Source: Business Standard
Narsi, a Director at EAI, Co-founded one of India's first climate tech consulting firm in 2008.
Since then, he has assisted over 250 Indian and International firms, across many climate tech domain Solar, Bio-energy, Green hydrogen, E-Mobility, Green Chemicals.
Narsi works closely with senior and top management corporates and helps then devise strategy and go-to-market plans to benefit from the fast growing Indian Climate tech market.
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EV Intelligence - EVNext @ EAI
