India's Budget Embraces Green Transition for Clean Energy Leadership
Key Ideas
  • Industry leaders commend the Indian budget's focus on green transition to strengthen the country's position as a global clean energy leader.
  • Significant emphasis on manufacturing of wind, solar, EV, and battery storage technologies to accelerate self-reliance in the clean energy sector.
  • Strategic investments in high-voltage transmission equipment, renewable energy sources, grid infrastructure, and clean tech sectors to drive innovation and job creation.
  • Incentives for manufacturing critical minerals, Li-ion batteries, and advancements in AI and technology education will bolster India's clean energy and technology sectors.
Industry players in India have praised the recent budget for its focus on green transition, which is set to strengthen the country's position as a global clean energy leader and help achieve decarbonization goals. The budget aims to boost self-reliance in manufacturing across various sectors such as wind, solar, electric vehicles (EV), and battery storage, aligning with the vision of Aatmanirbhar Bharat. Prominent figures in the industry have highlighted the continued emphasis on domestic manufacturing of generation and storage equipment, including high-voltage transmission equipment, filling global deficits in this important category. Additionally, the budget's support for the National Manufacturing Mission across all renewable energy sources has been well received, reinforcing India's commitment to a level playing field and ambitious energy targets. The allocation of funds to segments like solar power and nuclear energy, with investments in Small Modular Reactors (SMRs), signals a bold move towards clean baseload power and reduced fossil fuel dependency. Furthermore, investments in offshore wind capacity, green hydrogen production, and hybrid renewable projects are expected to drive innovation, job creation, and economic growth. The budget announcements have been seen as a progressive step towards India's decarbonization objectives, with a focus on strengthening grid infrastructure, promoting clean energy adoption, and supporting sustainability service providers. The budget also includes measures to incentivize states for power sector reforms, enhance grid reliability, reduce transmission losses, and improve power distribution efficiency. Overall, the industry has responded positively to the budget's initiatives, recognizing them as crucial steps towards a sustainable energy future and a stronger position in the global clean energy landscape.
ADVANCEH2

Our vision is to be the world's leading online platform for advancing the use of hydrogen as a critical piece needed to deliver net-zero initiatives and the promise of a clean H2 energy future.

© 2025 AdvanceH2, LLC. All rights reserved.