The reward for leadership and early adoption in any commercial field is the ability to export products and services to those that come later.
The MNES and its financial arm, IREDA have, through their strategic planning and implementation of various programmes, built a solid base for the growth and development of non-conventional energy sources in the country. This stable domestic market is important in itself. However, it also puts industries in a favourable position with regard to overseas markets as those industries reach a sufficient level of maturity. Indian industries have absorbed and adopted technologies in the different disciplines of non-conventional energy sources and are now capable of producing products and systems to internationally recognized standards and quality.
By way of an example of a specific intervention, in order to accelerate indi-genization of wind electric generators, the government of India has imposed a customs duty on complete wind electric generators since 1992, but has permitted the import of specified parts and components required for the manufacture of wind electric generators under nil/fully concessional duty. Also, wind electric generators are exempted from the payment of excise duty and sales tax. The clear aim — and consequent result — has been the encouragement of a number of international and Indian wind turbine suppliers to set up indigenous Indian production facilities.
At least ten domestic companies are manufacturing wind electric generators and components, either as joint ventures or as licensees from international collaborators. Collectively they have achieved an annual turnover of15 billion rupees. Some of these companies are now active in markets beyond Indian shores. Wind electric generators of multi-megawatt unit capacity are now being manufactured indigenously. Even rotor blades, a crucial and high-tech composite component ofwind electric generators are now manufactured in India. Nearly 80 per cent indigenization has been achieved with manufacturing to European commercial and insurance standards.
The same process is also underway in other renewable energy technologies. For example, a major solar thermal company set up in India in the late 1980s, based on Canadian technology, and today is exporting its products to Spain, Germany, the Netherlands, Denmark, Greece, Turkey, Cyprus, Korea and Africa.
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Renewable energy is energy that is generated from sunlight, rain, tides, geothermal heat and wind. These sources are naturally and constantly replenished, which is why they are deemed as renewable. The usage of renewable energy sources is very important when considering the sustainability of the existing energy usage of the world. While there is currently an abundance of non-renewable energy sources, such as nuclear fuels, these energy sources are depleting. In addition to being a non-renewable supply, the non-renewable energy sources release emissions into the air, which has an adverse effect on the environment.