We welcome this budget presented by Hon’ble Finance Minister Smt. Nirmala Sitharaman. With the target to achieve Net Zero by 2070, the focus is now on Green Energy. The country is aiming at energy security in terms of availability, accessibility and affordability. The roof-top solarization scheme will enable upto 1 crore households to obtain up […]
Post-budget quote from Rajesh Kumar Mediratta, MD & CEO, Indian Gas Exchange – EQ
“The budget has laid a roadmap for ensuring a green gas-based economy in India. The policy mandating phased blending of CBG for CNG and PNG will help in greening the gas supply chain and balancing the demand-supply for clean fuels. Financial assistance for procuring biogas aggregation machinery would tremendously help in energizing the biofuel segment. […]
Post budget quote by Mr. Pinaki Bhattacharyya, MD and CEO, Amp Energy India – EQ Mag
Keeping ‘Green growth’ as one of the 7 priorities of Budget 2023, shows the commitment of the government towards providing continuous thrust to the Green Energy sector in coming years. Favourable announcements:- Providing large outlay of Rs. 35,000 Crs for Energy Transition and Zero Emission target by 2070, Increasing Green Hydrogen production to 5MMT/annum by […]
Post Budget Quote from Tanya Singhal, Founder SolarArise – EQ Mag
“A solar power producer with about half a GW portfolio across India. My assets have recently been listed as a part of a trust on the London Stock Exchange.So glad to see the allocation of 4000 MWh worth VGF for Battery Storage Solar Solutions (BESS) in the 2023 budget. This is a critical need of […]
Post budget quote from Mr. Dinesh Aggarwal, Joint Managing Director, Panasonic Life Solutions India Pvt.Ltd – EQ Mag Pro
“The Union Budget 2022 has focused on our nation’s growth with major policy announcements in the energy, connectivity, capacity building of the economy, infrastructure investment, and enhancement of the digital economy that will further contribute to the revival of the economy and ensure improved growth. As announced by the Finance Minister, this Union Budget will […]
Post-Budget Quote by Mr. Simarpreet Singh – Director – Hartek Group – EQ Mag Pro
“Absolutely thrilled to see zero fossil fuel policy, Battery swapping policy and focus on charging infrastructure for EV ecosystem will help accelerate our transition towards sustainable energy and a greener tomorrow. The increase in BCD on Solar cells from 20% to 25% and solar panels from 20% to 40% will help the Indian Solar manufacturing […]
Post-Budget Quote by Tejas Kusurkar, Co-founder and CEO, Offgrid Energy Labs – EQ Mag Pro
“Budget 2022 has laid a strong emphasis on promoting digital and technological innovations across sectors. The three identified focus areas of technology led development, energy transition and climate action will create a conducive environment for deep tech innovators operating at the intersection of technology and energy to flourish in the country. An allocation of Rs […]
Post-Budget Quote by Mr. Nikunj Ghodawat, CFO, CleanMax – EQ Mag Pro
Mr. Nikunj Ghodawat, CFO, CleanMax, on Budget 2022, says – It’s a reasonably balanced budget not influenced by the upcoming Elections. The Higher allocation for government capex is a good news. While high level emphasis on clean energy was very encouraging but no major announcement, except the PLI scheme which benefits only solar manufacturers and […]
Post-Budget Quote by Mr. Ishver Dholakiya, Founder & Managing Director of Goldi Solar – EQ Mag Pro
“Budget 2022 announced increase in PLI outlay to help boost manufacturing; this is a good first step towards strengthening domestic solar manufacturing. The single window portal for all green clearances and tracking is another good initiative. On the flipside, more clarity on the skilling programs and partnership with the industry is required. The government has […]
Post-Budget Quote by Mr. Raman Bhatia, Founder & Managing Director, Servotech Power Systems Limited – EQ Mag Pro
The key decisions made on the renewable energy front illustrated in the Union Budget 2022 precisely addresses the most critical challenges halting India’s speedy transition to a clean new era. The allocation of additional Rs 19,500 cr to the Production Linked Incentive (PLI) for the development of high-efficiency solar modules, thoughtful policies & action plans, […]