India Budget 2017-2018 : Whats in it for Renewables? – Harish Kapoor Group President-Corporate Affairs
We consider it as a good budget at macro level. However, we need to examine the same more in detail. We feel that budget is taking direction towards reforms. For solar sector, it’s really a boon with the announcement of 20,000MW Solar in the second phase and abolishing FIPB which will help attracting FDI. Further Government has committed to achieve 100% electrification of all villages by May 2018 which will further boost the power demand in the country and digitalization of the villages. Capital and development expenditure pegged at 1.31 lacs crore for railways in 2017-18 which will include feeding solar power to 7000 railway station in the medium term. Overall a very good budget for the solar industry.