New Delhi, Feb 2 (PTI): The Union Budget 2025's emphasis on green transition has been lauded by industry leaders, who believe it will strengthen India's position as a global clean energy leader while accelerating decarbonization efforts.
Girish Tanti, Vice Chairman, Suzlon, highlighted that the budget's focus on Aatmanirbhar Bharat in manufacturing and agriculture, with an emphasis on clean technology, wind, solar, electric vehicles (EVs), and battery storage, will propel India's self-reliance in renewable energy manufacturing.
Pratik Agarwal, Managing Director, Sterlite Power and Chairman, Serentica Renewables, welcomed the focus on domestic manufacturing of power generation and storage equipment, noting that the mention of high-voltage transmission equipment is a strategic move given global shortages in this sector.
Goldi Solar's Managing Director commended the National Manufacturing Mission for providing targeted support to all renewable energy sources, reinforcing India's commitment to a level playing field and ambitious energy goals. He added that tax-related announcements would boost public spending and encourage savings in sectors like renewable energy.
Atanu Mukherjee, CEO, Dastur Energy, emphasized that the budget’s measures on intra-state transmission expansion and additional financial incentives—allowing states to borrow 0.5% of their Gross State Domestic Product (GSDP) for power sector reforms—will enhance grid reliability, reduce transmission losses, and improve power distribution efficiency.
Strengthening Solar and Nuclear Energy Sectors
Chetan Shah, Chairman & MD, Solex Energy, applauded the allocation of ₹1,500 crore for the solar power (grid) segment, stating that this investment will be crucial in strengthening grid infrastructure and accelerating solar adoption.Meanwhile, Amit Rautela, CFO of state-owned Meja Urja Nigam Ltd (MUNL), called the announcement of a Nuclear Energy Mission with a ₹20,000 crore investment in Small Modular Reactors (SMRs) a bold move that will help provide clean baseload power and reduce dependence on fossil fuels.
Driving Innovation, Jobs, and Economic Growth
Devansh Jain, Executive Director, INOXGFL Group, noted that investments in offshore wind capacity, green hydrogen production, and hybrid renewable projects will drive innovation, job creation, and economic growth.Deepak Sharma, Zone President- Greater India and MD & CEO, Schneider Electric, welcomed the government's push to modernize power grids and scale up renewables through Public-Private Partnerships (PPP), calling it a crucial step for a sustainable energy future.
Rahul Munjal, Chairman & MD, Hero Future Energies, praised the rationalization of tariffs on critical minerals and incentives for Li-ion battery manufacturing, which will strengthen India's clean energy ecosystem and create more green jobs.
Electricity Distribution and High-Voltage Equipment Manufacturing
Anil Rawal, MD & CEO, IntelliSmart Infrastructure, emphasized that the budget reaffirms the government's commitment to rising energy demands while adhering to climate goals, especially through its focus on electricity distribution reforms.Simarpreet Singh, Executive Director & CEO, Hartek Group, noted that the budget's discussion on building an ecosystem for high-voltage transmission equipment is a welcome move, potentially leading to the domestic manufacturing of High Voltage Direct Current (HVDC) systems.
AI and Technology for Future Growth
Beyond the energy sector, the budget also underscores India's commitment to technology and skilling. Pawan Gupta, CTO, SkillsCapital, pointed out that the ₹500 crore Centre of Excellence for AI in Education will foster AI-driven innovation and strengthen India's global technology leadership.Gupta added that strategic investments in technology education and skill development will cement India's status as a global skills hub, driving economic growth and creating a future-ready workforce.
With a clear push towards green energy, infrastructure development, and technological innovation, industry leaders believe the Union Budget 2025 will play a pivotal role in accelerating India’s clean energy transition and economic expansion.
