Industry Experts Call for Renewable Energy Focus in 2024-25 Union Budget
Key Ideas
- Industry experts urge policy interventions, duty reductions, and tax rationalization for renewable energy sectors in the upcoming Union Budget.
- Focus areas include rooftop solar, batteries, green hydrogen, electricity transmission, distribution, and skill development.
- Solar sector particularly concerned about completing projects using imported equipment.
- Calls for creating a skilled workforce to support the renewable energy industry's growth and sustainability.
Industry experts are advocating for a strong emphasis on renewable energy sectors in the 2024-25 Union Budget. The focus areas identified by these experts include rooftop solar, batteries, green hydrogen, electricity transmission, distribution, and the need for a proficient workforce. They emphasize the importance of policy interventions, duty reductions, and tax rationalization to support the growth of these sectors. In particular, the solar sector is facing challenges related to completing projects that rely on imported equipment. The experts stress the necessity of creating a skilled workforce to ensure the long-term sustainability and success of the renewable energy industry. Overall, the sentiment towards renewable energy in the upcoming budget is positive, with a call for strategic interventions to drive progress and innovation in clean power generation.