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India

India

LM SLOWS DOWN

Having recently made its 100th blade, LM Glasfiber's factory in India has reduced its production to six a week. According to Neelabh Bhattacharya, the company has also stopped import of resin and fibreglass "until the finance ministry takes a firm decision on cutting duty on these products." The handful of blade companies which have set up production in India are furious that import tax on raw materials is making Indian blades more expensive than those imported from Europe (Windpower Monthly, March 1996). Sitting on an order of 50 sets, Bhattacharya is hopeful that with the end of India's financial year on March 31, they will be picked up by manufacturers. The liquidity crunch in the wind business has yet to ease. With turbine manufacturers saddled with plenty of orders and nobody to pay for them, the 100 MW target for the next six months is now in danger.

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