India's Energy Sector Calls for Bold Steps in Union Budget 2025-26
Key Ideas
  • Energy sector urges substantial investments in solar, wind, green hydrogen, and energy storage for a cleaner energy transition.
  • Industry leaders emphasize the need for policy support to boost domestic manufacturing and reduce import reliance.
  • Advocacy for tax reforms includes a uniform GST for all battery types, reduced GST on solar panels and wind turbines, and fiscal incentives for emerging technologies.
  • Calls for extending Production-Linked Incentive schemes, targeted tax benefits, and export subsidies to enhance India's global position in renewables.
As India awaits the Union Budget 2025-26, the energy sector is rallying for significant investments in renewable energy sources. Industry leaders like Dr. Amit Paithankar and Ratul Puri are advocating for policies that prioritize domestic manufacturing and reduce import reliance, focusing on solar, wind, green hydrogen, energy storage, and grid modernization. The call for tax reforms includes a uniform 5% GST for all battery types, reduced GST on solar panels and wind turbines, and fiscal incentives for emerging technologies. These measures aim to lower costs, promote innovation, and accelerate the adoption of clean energy solutions. The sector seeks extensions of Production-Linked Incentive schemes, targeted tax benefits, and export subsidies to strengthen India's position in the global renewable energy market. The push for a more supportive policy environment highlights the industry's commitment to driving sustainable energy practices and bolstering the country's energy security and competitiveness.
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