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Post Budget Quote Reaction – Mr. Sanjeev Aggarwal, Founder and CEO, Amplus Solar

Post Budget Quote Reaction – Mr. Sanjeev Aggarwal, Founder and CEO, Amplus Solar

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“The overall impetus on long term reforms in the power sector is very encouraging and it was noteworthy to note that India stands committed to its international sustainability commitments.

The focus on bringing down the commercial losses in the distribution companies by mandating prepaid meters, coupled with the consumers having the ‘choice of suppliers’ will surely resolve the long term viability issues of the power sector and lead to a vibrant electricity market.  The usage of solar in the railways and farming and usage of farmlands for solar plants will open up new entrepreneurial opportunities and will help in faster adoption of solar energy across the country.

We are also encouraged by the support extended to NBFCs and infrastructure funds that can improve much needed liquidity. Also, the slew of tax incentives offered to foreign investors for investments in priority sectors will boost inwards equity flow in the infrastructure sectors.” said by Mr. Sanjeev Aggarwal, Founder and CEO, Amplus Solar.

Anand Gupta Editor - EQ Int'l Media Network

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