Most of the commonly used renewable energy system and equipments are being manufactured indigenously.
The Indian companies are also exporting some of the renewable energy system and equipments.
The Government is providing several financial and fiscal incentives to encourage domestic production and make renewable energy available at cheaper rates.
These incentives include capital subsidy on some of the systems, soft loan to manufacturers and users, concessional or nil duty on import of some of the equipments, raw materials and components, excise duty exemption and 80 per cent accelerated depreciation in first year.
The import of various renewable energy equipments is permitted under open general licence (OGL); therefore, no data on import of all renewable energy equipments are maintained by the New and Renewable Energy.
