Praful Patel now pitches for import duty cut on power gear

摘要

Heavy Industries Minister Praful Patel appears to be running with the hares and hunting with the hounds. After making a pitch for increased protection for the domestic power equipment sector, and even getting the Reserve Bank of India to withdraw externa! commercial borrowing facilities in Yuan to help stop the flood of cheap China-made power generating equipment, he has now switched tracks, He wants the Government to now decrease the total import duty on power equipment to 14 per cent from 21 per cent.