Power

The power sector, which is already facing headwinds on account of project delays, is expecting measures towards improving implementation.

Allowing private sector companies into the mining space could reduce problems of fuel supplies. An increase in funding ceiling for banks could partly sort the funding issues. Besides, there are demands for exemption of import duty on power equipments for sub-1,000 mw capacity, in line with over 1,000 mw projects, which will help lower cost for such projects.

Also, there is demand for extension of Section 80-IA benefits up to 2017 (from 2010). Steps towards the implementing the Planning Commission's proposal for a national electricity fund with a corpus of Rs 150,000 crore (Rs 1,500 billion) for investment in the T&D space will provide a major boost to equipment suppliers.