Deloitte India Partner Highlights Infrastructure and Hydrogen in Budget Preparations
Key Ideas
  • Deloitte India partner emphasizes the need for the government to focus on infrastructure development, including investments in highways and the emerging hydrogen sector.
  • He points out the importance of continuing the renewable energy agenda while addressing challenges of integrating renewables into the grid effectively.
  • The partner also highlights opportunities for increased private sector participation in sectors like railways and defense as part of the government's Atma Nirbhar Bharat (self-reliant India) initiative.
  • He advocates for priority reforms in the discom sector, particularly in terms of considering privatization to improve efficiency and effectiveness.
In anticipation of the upcoming budget, Deloitte India partner Bhavik Damodar has underlined the significance of the government's focus on infrastructure development. He emphasizes the need for continued investments in the road sector, alongside exploring new and emerging areas such as hydrogen. Damodar also stresses the importance of sustaining the momentum in renewable energy while grappling with the challenge of integrating these sources into the grid effectively. He identifies sectors like railways and defense as untapped areas for private sector involvement, aligning with the government's vision of self-reliance in defense. Additionally, Damodar calls for priority reforms in the discom sector, urging a reevaluation of privatization strategies to enhance operational efficiency and performance. His insights reflect a positive outlook on the potential for growth and progress in India's infrastructure and energy landscape through strategic policy measures in the upcoming budget.
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