Govt working on sops for renewable energy

Tax breaks and other incentives are on the anvil for the renewable energy sector in India, according to V Subramanian, secretary

New Delhi | August 4, 2007 12:00 AM IST

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Tax breaks and other incentives are on the anvil for the renewable energy (RE) sector in India, according to V Subramanian, secretary, ministry of new and renewable energy, who urged the industry to take full advantage of these sops.

Speaking at a ‘Cleantech Solutions for Sustainable Development: Meeting the Challenges and Opportunities’ meet organised by the CII, he said the RE sector depended on regulatory clearances for investment and stressed on the need for a shift in government thinking.