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Tuesday, March 01, 2011

Kit for conversion of fossil fuel vehicles into Hybrid vehicles.

The Finance Minister said:
`In response to the growing demand for green ventures, a technology has been developed indigeneoulsy for the conversion of fossil fuel vehicles into Hybrid vehicles through the fitment of a kit. I propose to reduce the excise duty on such kits and their parts from 10% to 5%.'


Can anyone share information on the indigenous technology that caught the eye of Finance Minister? 

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