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States ask for subsidies, support, protection, right policies to boost clean energy in India

Press Trust of India  |  Greater Noida (UP) 

States on Wednesday urged the Centre to provide a level-playing field for domestic investors in the renewable sector and categorise large hydro projects as clean source to give a boost to green projects.

Chief ministers and representatives of various states at the Second Global RE-Invest Summit here demanded that subsidies and easy credit should be provided to domestic investors as well as feasible and acceptable policies.

"There should be a level-playing field because foreign investors come with huge investments. Our Indian investors needs protection from the government," V observed during a session.

The government should provide and for harnessing clean energy sources, he stressed.

States also asked the government to protect the domestic industry for improving equipment manufacturing particulary of and reducing huge import dependence.

Minister of Additional Energy Sources Brajesh Pathak sad, "There a lot of scope of investing in in Uttar Pradesh, We will extend all support for your investments."

About solar manufacturing, he said about 90 per cent of the is related to assembly of imported equipment only in

depends on solar equipment imports largely from China, and for setting up of solar plants.

suggested that all hydro power projects should be included in the category of so that they could also avail the benefits being given to projects.

At present, hydro power projects up to 25 MW capacity are included under this category.

He added that hydro power projects generate which was eco friendly, if this demand was fulfilled then more investors would be attracted to the state and economy would be strengthened further.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, October 03 2018. 21:50 IST
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