BENGALURU: The government’s move to promote indigenous equipment and impose customs duty on imports from August will help local industry develop but it will take up to two years to have an impact while ongoing projects that depend on foreign equipment may face hurdles, said industry executives and experts.
They were reacting to power and renewable energy minister RK Singh’s announcement of a series of measures for the renewable energy sector on Tuesday, including prior approval for essential imports and financial incentives for projects that use local equipment.
