Financial Daily from THE HINDU group of publications
Friday, Mar 18, 2005

News
Features
Stocks
Port Info
Archives
Google

Group Sites

Industry & Economy - Non-conventional Energy


Wind power body seeks restoration of turbine generators under TUFS

Our Bureau

Chennai , March 17

THE Indian Wind Power Association, a representative body of those who have put up wind turbines, has urged the Textile Ministry to permit wind turbine generators to be installed under the Technology Upgradation Fund (TUF) for the textile industry.

In a representation to the Union Textiles Minister, Mr Shankarsinh Vaghela, the association referred to the decision of an inter-ministerial committee to remove wind turbine generators from the list of eligible machinery under the TUF scheme from February 22 and wanted the decision to be reconsidered.

In the representation, the association President, Mr P.R. Ramasubrahmaneya Rajha, said wind turbines were included in the TUF scheme after representation by the textile industry to reduce its cost of production. The textile industry had to gear itself to meet global challenges following the dismantling of the multi-fibre agreement.

Removal of wind turbine generators from the TUF scheme at this juncture would affect the competitive edge of Indian textile mills that used wind power due to higher power cost.

Mr Rajha, who is chairman of the Ramco group, which has interests in cement and textiles, said textile units that had installed windmills in the past few years when they were allowed under the TUF scheme were more financially viable to compete in the world market.

A new unit or an existing unit expanding capacity by about 25,000 spindles under the TUF scheme with investment in windmill would have to bear an additional interest burden of more than Rs 6 crore over the total repayment period of the loans availed of because of the removal of windmills from the scheme.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page


Stories in this Section
`Employment schemes can help check distress migration'


Remitting of attestation fees
Wind power body seeks restoration of turbine generators under TUFS
Dumping duty on poultry feed vitamin may go
Goa Budget proposes no fresh levies
Cabinet nod for SAARC pact on customs
India-Japan bilateral trade must be FDI-based, says Kamal Nath
Cabinet nod to ink PTA annexes with Latam trading bloc
FDA to put more baby products under scanner
J&J to state its position soon
ISRO, hospitals bet big on telemedicine
FedEx launches eye campaign with ORBIS
Metropolis Health Services to set up pathlabs overseas
Reliance refining margins rise as light, heavy crude prices diverge
Secretaries panel takes up oil, gas sector Regulatory Board Bill
Feather-derived plastic!
Maharashtra to borrow Rs 500 cr to boost power supply
Essar Power owes Rs 1,200 cr to Gujarat Electricity Board: Panel
`India lags in tapping hydropower potential'
KSEB moves to generate 342 mu additional power
Revised Rly demurrage rates may affect SAIL
Chidambaram promises `good news' on cash withdrawal tax
Cash withdrawal tax clause: Govt adding to its tax burden?
No such thing as free lunch
Chemists, druggists on strike for single-point levy of VAT
Textile exports may breach $70-b mark by 2014: Study
Textile exporters call for review of duty drawback scheme
CII plans cluster projects to help out SMEs
Truck, bus tyre production up year-on-year in Jan
PTC to offer coal intermediation services
Govt may jam hostile propaganda through media — Monitoring body to come under Home Ministry
TDSAT asks Govt to finalise FM radio norms by April 26
TKM College Alumni association
IT's good bet for realtors across cities
Sobha group plans to build mega mall in Bangalore
PHDCCI celebrates hundred years
FICCI calls for tighter discipline in farm support measures
Tirupur knitwear units bullish on April-Sept shipments
Legal training programme for women entrepreneurs
BSNL staff stage hunger strike in Thiruvananthapuram
Meet on translational research from tomorrow
SBT leadership camp
India Inc wants fringe benefit tax deferred
Proposals to amend Money Laundering Act approved
Doctor duo bags award


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line