According to the “Indian Express†reported on the 19th, the Indian government is preparing to impose a 19% tariff on imported power equipment, and will add mandatory local purchase terms to the bid for superpower plants.
The report said that in the past two years, Indian local producers have been promoting the taxation of imported power equipment. The Indian Planning Commission has set up a special group study and proposed 14% taxation. However, taking into account that this will slow the pace of new electricity, the Indian Ministry of Finance has always disagreed. In early February of this year, the Indian Prime Minister’s Office intervened to promote the Ministry of Finance on the 17th and agreed to impose a 5% tariff, a 10% countervailing duty, and a 4% additional tax on imported power equipment. It is expected that the Indian Cabinet Economic Committee will approve this decision by the end of February this year.
According to reports, about 25% of India’s imports from China are electric power equipment, and half of India’s new power equipment in the next five-year plan will come from China.
According to relevant sources of China's power companies in India, the increase in taxes will hurt the interests of private owners in India's power industry and affect the rate of new power generation in India. This is one of the bottlenecks in India’s economic growth and has been met with opposition from the Indian electricity sector.
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