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Fiscal support crucial to enhance the potential of renewables in India

State specific solar/wind policy should simplify the procedures to obtain regulatory approvals

Shekhar Ramamurthy, MD, United Breweries
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Shekhar Ramamurthy, MD, United Breweries

Shekhar Ramamurthy
In the early 1980’s India set a milestone by becoming the first country to set up unconventional energy resources. As a country with one of the highest potentials for the effective use of renewable energy, India began development of wind energy in the 1990’s, making it the world’s fifth-largest producer of wind power after Denmark, Germany, Spain and the USA. 

Although most private sector companies with large scale production units have shown propensity and involvement with renewable energy, the high cost of setting up, slow return on investment, high cross subsidy charges, state specific wind/solar policies, hurdles in implementation of drafted