A Forward-Looking Budget for India’s Renewable Energy Leadership,’ Says INA Solar Chairman – EQ
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Thanking the Government of India, Mr. Manish Gupta, Chairman, INA Solar, said, “The priority accorded to renewable energy in the Union Budget 2026–27 is a strong and forward-looking step towards India’s sustainable development. By placing solar power, domestic manufacturing, energy storage and grid integration at the centre of the clean-energy transition, the Budget provides long-term policy clarity for the sector. BCD exemptions on critical inputs for solar panels, battery storage, biogas and other clean-energy inputs will make green energy more affordable while giving fresh momentum to domestic manufacturing and local value addition.
The expansion of the PM Surya Ghar Muft Bijli Yojana will accelerate rooftop solar adoption and ensure access to clean, affordable power for millions of households, while initiatives like PM-KUSUM will enhance farmers’ energy self-reliance and income. The focus on storage, grid infrastructure and manufacturing reflects the government’s vision to position India as a global renewable energy leader. This Budget strongly reinforces India’s 500 GW non-fossil capacity target by 2030 and its Net-Zero goal for 2070. Together, these reforms propel India closer to the goal of Viksit Bharat, supported by a resilient and energy- secure economy. As a responsible solar manufacturer, we remain committed to contributing actively to this national mission.”
