India to End Wind Farm Tax Break Next Fiscal, Official Says
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India will discontinue a tax break for wind farms starting in April, the beginning of the financial year, potentially stalling growth in a $3 billion market dominated by turbine-supplier Suzlon Energy Ltd.
“Accelerated depreciation will go away in April,” Dilip Nigam, director of wind policy at the Ministry of New and Renewable Energy, said in an interview in Mumbai today.