Greentech Lead Asia: Farooq Abdullah, minister for New & Renewable Energy, says India has exported wind turbines worth Rs 600 crore in fiscal 2011-12.
At present, India is exporting wind turbines to countries such as the U.S., Australia, Brazil, China, Europe etc.
According to the minister, the Government is promoting wind power projects in India including in the coastal regions through private sector investment by providing fiscal and promotional incentives such as concessional import duty on certain components of wind electric generators, excise duty exemption to manufacturers.
10 years tax holiday on income generated from wind power projects is also available. Loans for installing windmills are available from Indian Renewable Energy Development Agency (IREDA) and other Financial Institutions. Technical support including wind resource assessment is provided by the Centre for Wind Energy Technology (C-WET), Chennai. This apart, preferential tariff is being provided in potential states.
There are 18 manufacturers of wind turbines making about 45 models. India has an annual wind turbine production capacity of around 4000 MW, which can be expanded upto 8000 MW, if market demands.