Every industry are looking forward to cope up with these serious issue because in
long term perspective it is surely going to affect them and to their existence. Secondly, Government also have levied high amount of taxes on such environmental affecting industries. So various industries are striving to come out with qualitative solution to save environment.
New thought for Better Investment
Diverse industries like Agriculture, Chemical, and Engineering should proceed for their valuable investment by purchasing Briquetting Plant. It is new kind of conversion technology which converts wastage of agriculture, forestry, chemical and engineering firms. The main role of these plants is to convert this wastage in to solid fuels by forming in cylindrical logs with usage of high mechanical pressure avoiding usage of chemical or binder.
Briquetting Machine is a subordinate to the predictable fossil fuels which can be used enormously in various manufacturing plants such as boilers, furnaces and kilns. Bio briquettes are mostly used in order to produce electricity from the steam which emits during burning process. It is an eco-friendly solid bio fuel helping various industries to reduce pollution which helps their firm in contributing some portion towards the environment to make it greener.
The most important motive of Briquetting plant is to create Best from the waste. It is very much profitable for the farmers as day in & day out they come up with different kinds of agriculture waste from their farms. Subsequently, with the installation of these briquetting machines wastage can be converted into generating electricity which aid farmers to earn from the wastage.
Government Initiatives for Briquetting Plant
Govt. of India is also appreciating various entrepreneurs who are willing involved in generating alternative energy source which helping environment to get affected.
1. Depreciation Rate 100%: Total value of the plant gets depreciated to 100% in the first year.
2. Exemption of Taxes: Excise is to be paid which is exempted completely to entrepreneurs same way sales tax also has been exempted in several states.
3. Prioritize by Government: As Energy generation is the serious cause and resources are finding out to do it so Govt has given the first priority for this project and recommended to be installed
4. Advantages in Income Tax: Exemption from Income tax for the first 5 years.