Indian Electrical and Electronics Manufacturers’ Association (IEEMA) has urged the government to extend service tax exemption to all power projects and lower the duty on raw materials.

The domestic electrical equipment manufacturing industry suffers a substantial cost disadvantage as compared to import while supplying to power projects, IEEMA president Ramesh Chandak said.

This is mainly due to many factors such as local taxes and higher financing cost, he added.

Related posts:

1. CLP seeks to acquire Indian coal projects
2. Petron gets order from Lanco
3. TNEB seeks Japan’s help
4. Gama Infraprop Seeks MoEF Clearance for 225 MW CCPP
5. Narmada Thermal seeks clearance for 260 MW TPP in Gujarat
6. TNEB seeks Financial Aid for Co-Gen Power Projects
7. RBI approves funding for RPower project
8. Essar eyes big with power plants