The power ministry has opposed a move for immediate imposition of import barriers, including slapping of upto 14% safeguards duty, on power generation equipment from China to protect domestic manufacturers such as state-run Bhel. Instead, the ministry favours introduction of such measures from April 2012, or the beginning of the 12th Plan, to avoid tripping ongoing projects and raise cost of electricity.
In a letter to cabinet secretary K M Chandrashekhar, power secretary H S Brahma has said the Planning Commission report recommending such measures has wrongly projected agreement of his ministry. Expressing ‘‘serious reservations’’ on the report by Plan panel member Arun Maira, Brahma says the duty barrier should not be imposed before April 2012.
more at:
http://timesofindia.indiatimes.com/biz/india-business/Power-ministry-opposes-duty-on-Chinese-imports/articleshow/5842294.cms
Wednesday, April 21, 2010
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