Accelerated depreciation will create 20,000 jobs

Posted on 01st Sep 2014 | 1012 views

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Accelerated depreciation will create 20,000 jobs

To fill the depreciation in the wind energy space, turbine maker Suzlon Energy said the step will help in creating 20,000 jobs annually in the sector. Suzlon chairman says that "We welcome new government's decisions to restore accelerated depreciation (AD). This will create 20,000 new jobs annually in the wind energy space." AD refers to allow higher deductions with regard to the depreciation with the value of an asset.

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