Ministry of Power devises a China deterrent: 21% duty on equipment

Giving in to the demands of domestic equipment makers such as Larsen and Toubro (L&T) and state-owned BHEL, which have lost over Rs 65,000 crore worth orders to Chinese companies, the power ministry plans to seek Cabinet approval for levying duties adding up to over 21 per cent on import of equipment for mega power plants. Such high duties will make imports expensive and power projects planned on such imports potentially unviable. So far, Chinese firms have already committed to supply equipment to two ultra mega power projects (UMPPs) and four mega power projects worth 13,200 mega watts duty-free.

ref:
http://www.indianexpress.com/news/Ministry-of-Power-devises-a-China-deterrent--21--duty-on-equipment/673538