India's Union Budget 2025-26: Powering Towards Green and Self-Reliant Future
Key Ideas
- The budget allocates significant funds to the Ministry of Power and New and Renewable Energy, emphasizing power sector reforms, clean technology manufacturing, and nuclear energy development.
- Industry executives in the power sector commend the focus on indigenous small modular reactors, high-voltage transmission equipment, and distribution reforms for the last mile connectivity.
- The budget's emphasis on green and clean development, global skilling partnerships, mining sector innovation, and clean technology manufacturing is lauded for driving sustainable and inclusive industrial growth.
- Initiatives like the National Manufacturing Mission, CoE for skilling, and focus on clean energy technologies like green hydrogen and solar power aim to enhance India's manufacturing ecosystem and promote self-reliance.
The Union Budget 2025-26 in India introduces measures focused on power sector reforms, nuclear energy development, clean technology manufacturing, and lithium-ion battery production. With increased budgetary allocations for the Ministry of Power and the Ministry of New and Renewable Energy, the government aims to drive significant developments in these sectors. Industry executives from companies like Sterlite Power, Thermax, and KPMG in India have expressed positive reactions to the budget. They highlight the importance of initiatives such as deregulating nuclear power, promoting indigenous small modular reactors, and enhancing high-voltage transmission equipment manufacturing. The budget's strong push towards manufacturing, green and clean development, workforce skilling, and mining sector innovation is seen as crucial for sustainable and technology-driven industrial growth. The focus on clean energy technologies like green hydrogen and solar power is also praised for its potential to accelerate India's journey towards sustainability and self-reliance. Overall, the budget sets the stage for a greener, more self-reliant India with a strong emphasis on renewable energy, manufacturing, sustainability, and technology.
Topics
India
Renewable Energy
Technology
Sustainability
Manufacturing
Economic Growth
Industrial Development
Mining Sector
Workforce Skills
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