Turn, turn, turn: making energy is a breeze in Southern India
Article Abstract:
Tax incentives for building windmills in Tamil Nadu, India have created enormous but often ill-planned investment before the supporting infrastructure is in place. Many critics say the tax benefits far outweigh the electricity's value, as the last-minute rush before the end of the business year indicates. India needs more and more reliable power, and hopes to increase from 263 wind-powered megawatts now to 500 by 1997, a reasonable goal. The government offers a full first- year writeoff of capital costs and favorable loans to investors.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1995
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Gloom town
Article Abstract:
In the past decade Bangalore has lost its lustre as India's hot new center for industry and business, thanks to a woefully inadequate infrastructure. The city grew from 2.9 million people in 1980 to 5 million now; businesses lured by promises of land and power have to scrape for both. Water is scarce, telecommunications inadequate, and traffic has risen 33% in five years while no new roads were built. The city still has many fans but few large new businesses. Now smaller cities such as Pune are its competition.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1996
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Money from trees
Article Abstract:
Indian companies are capitalizing on tax and ownership laws to attract investors to agricultural schemes that promise high returns and only modest risk. Some 5,000 people have bought land through Maxwell Orchards, which then combines the plots and farms them with mangoes, pomegranates, and other fruits and vegetables. Income from agriculture is tax-free, but individuals are limited to owning 50 acres or less. Similar approaches offer investors profits on goats, cashews, teak, and other goods.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
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