Renewable Energy Industry Leaders' Pre-Budget Expectations for India's Sustainable Future
Key Ideas
  • Industry leaders emphasize the necessity for strategic government reforms and initiatives to foster growth, innovation, and sustainability in the renewable energy sector.
  • The introduction of initiatives like the PM Surya Ghar Yojana and proposals for clean hydrogen and energy storage projects are seen as positive steps towards India's energy transition.
  • Expectations include tax incentives for manufacturing units, investment in decentralized renewables and battery storage, and the removal of anti-dumping duties on raw materials for solar modules to accelerate the renewable energy goals.
  • Collaboration between state and central governments, seamless inter-ministerial coordination, and robust institutional arrangements are highlighted as crucial for expediting the energy transition at the state level.
As India's Union Budget 2024-25 approaches, industry leaders in the renewable energy sectors are articulating their expectations and priorities for the government. They stress the need for strategic reforms and initiatives to drive growth, innovation, and sustainability in the sector. Key voices like Vinay Thadani from Grew Energy Pvt. Ltd. and Amit Uplenchwar from Kalpataru Projects International Limited highlight the significance of supportive policies and enhanced manufacturing capacities to propel India's energy transition. The anticipation of significant government support for clean energy solutions, including clean hydrogen, energy storage, and carbon capture, is evident. Leaders like Saurabh Kumar from Global Energy Alliance for People and Planet emphasize the importance of boosting decentralized renewables and battery storage through increased allocations. N.P. Ramesh from Orb Energy looks forward to measures that will accelerate solar adoption and support domestic manufacturing capabilities. The collective expectations underscore the critical role of government actions in supporting the renewable energy and electric vehicle sectors to ensure a sustainable and prosperous future for India.
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