India's Energy Sector Leaders Push for Renewable Investments in Union Budget 2025-26
Key Ideas
- Industry leaders urge government to boost investments in solar, wind, green hydrogen, and energy storage for energy security.
- Calls for enhanced policy support to reduce import reliance, strengthen domestic manufacturing, and innovate in the energy sector.
- Focus on tax benefits, capital incentives, and export subsidies to drive growth in renewable energy and achieve 500 GW by 2030.
- Advocacy for lower GST rates on batteries, solar panels, and wind turbines to make clean energy solutions more affordable and accessible.
As the Union Budget 2025-26 approaches, leaders in India's energy sector are advocating for increased investments in renewable energy, domestic manufacturing support, and a revised tax structure. The key focus areas include solar, wind, green hydrogen, energy storage solutions, and grid modernization. The industry emphasizes the importance of policy backing to reduce reliance on imports, enhance domestic manufacturing capabilities, and ensure energy security. Notable figures like Dr. Amit Paithankar and Ratul Puri stress the significance of accelerating India's energy transition through targeted tax benefits, export subsidies, and enhanced PLI schemes for solar components. The sector also calls for uniform GST rates on batteries, reduced GST on solar panels and wind turbines, and financial relief for manufacturers to drive growth in advanced technologies. Industry leaders like Srivatsan Iyer and Anup Garg highlight the need for financial mechanisms, regulatory support, and infrastructure development to boost energy storage solutions, circular economy principles, and green hydrogen production. The sentiment towards hydrogen and renewable energy in the article is positive, with a shared vision for a sustainable energy future supported by robust policy measures. The article underscores the continued growth potential of the renewable energy sector in 2025, contingent on appropriate policy backing and strategic investments in clean energy technologies.
Topics
Green Hydrogen
Renewable Energy
Investment
Energy Transition
Manufacturing
Policy Support
Clean Energy Technologies
Fiscal Incentives
Tax Structure
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