POST-BUDGET QUOTE BY MR ASHISH KHANNA, ED & CEO, TATA POWER SOLAR
“The budget does focus on a few areas for the solar sector and demonstrates the Government’s commitment to being a frontrunner in renewables. The proposed solarization of railway stations is a positive step and will boost the demand for infrastructure going green. The announcement of 20 GW for the second phase of solar mission and focus on pushing for the solar projects is very heartening. However, we need more clarity in the coming days on its roll out. We also anticipate some indirect impact for solar with the Government’s ambition of 100% electrification of villages, and we hope this to have a solar component. A set timeline for rolling out GST is a welcome move, however requires further clarity on its implementation and how much it will impact the solar sector.”
About Tata Power Solar:
Tata Power Solar, with 25 years of deep domain expertise, is one of the pioneering solar manufacturers in the world and India’s largest specialized EPC player. Founded in 1989, the company was originally formed as a joint venture between Tata Power and British Petroleum Solar (BP Solar). As a pioneer and market leader in the solar space, headquartered in Bangalore, Tata Power Solar now operates independently as a wholly owned subsidiary of Tata Power.