Additionally, in a meeting with green hydrogen developers, MNRE also proposed an exemption on duties and taxes up till 2035 on equipment imports for setting up export-oriented green hydrogen projects, according to the minutes of the meeting on October 19 accessed by The Indian Express through the RTI. As per the minutes, MNRE noted that a separate meeting shall be convened with the Department of Revenue to discuss the same.
During the meeting, developers also sought an exemption from a Ministry of Finance order dated February 8, 2021 that had barred public procurement of equipment from countries sharing land border with India, a move aimed at China.
The MNRE, according to the minutes, has proposed examining the possibility of exempting green hydrogen developers from its list of authorised manufacturers, which will allow them to import solar PV modules and wind turbine models from China in order to make exports of green hydrogen competitive. Currently, MNRE's Approved List of Models and Manufacturers (ALMM) and Revised List of Models and Manufacturers (RLLM) do not include Chinese manufacturers as a consequence of the ministry's policy to boost domestic manufacturing of renewable energy equipment.
This story is from the December 11, 2023 edition of Financial Express Mumbai.
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This story is from the December 11, 2023 edition of Financial Express Mumbai.
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