Now Reading: India mulls subsidies, duty cuts for induction stoves to cut LPG imports
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India mulls subsidies, duty cuts for induction stoves to cut LPG imports
India mulls subsidies, duty cuts for induction stoves to cut LPG imports
India plans to accelerate induction cookstove adoption through subsidies, lower customs duties on key components, and grid upgrades, aiming to cut reliance on imported LPG. Two people aware of the matter said…
The Story in Brief
India plans to accelerate induction cookstove adoption through subsidies, lower customs duties on key components, and grid upgrades, aiming to cut reliance on imported LPG. Two people aware of the matter said the proposals were discussed last week with officials from the power and renewable energy ministries, Niti Aayog, DPIIT, and discoms. India imports 65% of its 33-million-tonne annual LPG demand, mostly from West Asia, Mint reported.
Policymakers estimate induction cooking costs a third less than conventional methods and could shield 340 million consumers from global supply disruptions. However, large-scale adoption requires assessing household loads and wiring upgrades, discoms noted. Key components such as glass, coils, and PCBs are 90% imported from China. CLASP's Neha Dhingra said domestic output is 10 million units a year, with plans to double that. The industry has sought a GST cut to 5% on these parts.
The Indian Opinion
For years, the government has handed out LPG subsidies without seriously tackling import dependence. Now, West Asia jitters are forcing a rethink, but the induction stove push risks becoming another half-hearted scheme unless domestic manufacturing of glass, coils, and PCBs is scaled up. The real test is whether power discoms will upgrade the grid fast enough to handle the extra load, or if consumers will be left staring at blackouts and a useless stove.
Source: livemint.com
This story was synthesised by AI from the source linked above.
