Enigin Update - India to Provide Funds for Energy Efficiency Industry
THE Indian government is to provide incentives to the emerging energy efficiency industry through the National Mission for Enhanced Energy Efficiency (NMEEE).
Two funds are being set up, the Partial Risk Guarantee Fund and the Venture Capital Fund, to provide financial incentives drive forward the energy efficiency industry.
Ajay Mathur, Director General of Bureau of Energy Efficiency (BEE), "Both these instruments is ensuring public money towards energy efficiency.
"Many banks are not ready to pay loans for companies in energy efficiency sector because the risk has not been evaluated."
BEE is the organisation that has been mandated to implement the programme, and have asked the Indian government to lower excise duty on energy efficient equipment.
This is of interest to Enigin Distributors in India as it raises the value of their services and the energy saving technology and solutions from Enigin.
Picture: India Sunrise on the holy Ganges - Varanasi by babasteve
