NEW DELHI : More tariff barriers, subsidised financing for encouraging domestic equipment usage, rigorous testing of foreign equipment and prior permission requirements for imports from adversary countries, are some of the focus areas of India’ proposed power sector overhaul currently in the works.
This comes in the backdrop of India contemplating an economic response against China and is part of a wider decoupling exercise embarked on by the Indian government since the 15 June border clashes with China.
Addressing the industry captains, power and new and renewable energy minister Raj Kumar Singh on Tuesday said that some countries who are adversaries or potential adversaries will be identified as “prior reference countries”, and a prior government permission will be required before importing any equipment from there.
