India's Budget 2025: Empowering Energy Sector Towards Global Leadership
Key Ideas
  • India Energy Storage Alliance (IESA) praises Budget 2025 as transformative, urging incentives and GST cuts on batteries, charging infra, and electrolyzers for renewables.
  • IESA appreciates government's consideration of pre-budget recommendations for energy sector growth and post-budget recommendations for overcoming manufacturing challenges.
  • The budget's focus on clean energy, including Production-Linked Incentive (PLI) schemes, tariff adjustments, and duty exemptions, is seen as proactive and progressive by industry experts.
  • Call for reducing GST on batteries and electrolyzers to 5%, along with strategic vision for domestic manufacturing and critical minerals recycling, to drive sustainable and self-reliant energy ecosystem.
The India Energy Storage Alliance (IESA) has lauded India's Budget 2025 as a transformative vision for the energy sector, emphasizing the need for production-linked incentives and GST cuts on batteries, charging infrastructure, and electrolyzers to boost renewables. With over 180 companies from the battery, e-mobility, and hydrogen industries as its members, IESA expressed gratitude to Finance Minister Nirmala Sitharaman for considering their recommendations. The alliance sees the budgetary announcements as progressive steps towards making India a global hub for clean energy manufacturing and R&D. Post-budget, IESA highlighted challenges faced by the industry and proposed a dedicated incentive program for ACC components manufacturers to strengthen the domestic supply chain. Several industry experts and leaders commended the budget's measures aimed at fostering a robust cleantech ecosystem and positioning India as a leader in the global clean energy transition. Suggestions were made to reduce GST on batteries and electrolyzers to 5% to lower operational costs and drive growth in the sector. The focus on renewable energy, green hydrogen, and the call for reducing GST rates on critical components demonstrate the government's strategic vision for a sustainable and self-reliant energy ecosystem.
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.