News Snapshot:
Central Public Sector Enterprises involved in renewable energy projects will soon be permitted to import components from China, overriding restrictions imposed on them in 2020 to procure items from countries which share a land border with India. ET gathers that the Centre has agreed in principle to relax curbs for CPSEs like NTPC engaged in commercial renewable energy projects to get them on a ‘level playing field’ with private sector competitors which do not face import restrictions. The exemption will enable NTPC and other CPSEs engaged in RE projects to cut costs by directly importing from bidders/companies from China without...
