Industry seeks property benefits in solar energy

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Industries are seeking concessions in property for those using solar energy from the Nashik Municipal Corporation (NMC). The civic body is mulling the idea to offer further concession to the industries in Satpur and Ambad industrial areas of Maharashtra Industrial Development Corporation (MIDC). The proposal is to be tabled at the next general body meeting of the NMC.

Haribhau Phadol, deputy municipal commissioner (Octroi), NMC said, “Industries are already given 5 per cent concession in property tax for using solar energy. Following the demand, we are planning to give 10 per cent concession. But we will have to get the approval of the general body. We are preparing a proposal in this regard and will table it at the general body meeting.”

Phadol said that after the general body approves it they may also have to seek the permission of the state government. The NMC provides 5 per cent concession to people using solar water heaters based on the state and central government’s policy to encourage use of renewable energy. Since March 2006, it has given concession to 3,434 property owners.

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Ramesh Pawar, president, Nashik District Industries and Exporters’ Association (NDIEA) said, “Recently the central government committee in a meeting said that those using renewable energy resources can get up to 10 per cent concession in property tax. “This policy will make renewable energy source popular. However, this is not a permanent concession, but for a limited period.”

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