The budget for 2025 has placed a strong emphasis on the green transition, aiming to position the country as a global leader in clean energy and meet its decarbonization goals.
Industry leaders have welcomed this initiative, highlighting its potential to accelerate self-reliance in renewable energy sectors and boost innovation.
Clean Tech Investments
Girish Tanti, Vice Chairman of Suzlon, praised the government’s focus on reinforcing Aatmanirbhar Bharat, particularly within clean tech sectors such as wind, solar, electric vehicles (EVs), and battery storage. He believes that this strategy will significantly enhance India’s self-reliance in wind and solar manufacturing.
Focus on Domestic Manufacturing
Pratik Agarwal, Managing Director of Sterlite Power and Chairman of Serentica Renewables, emphasized the budget’s continued focus on domestic manufacturing of energy generation and storage equipment. He also pointed out the new emphasis on high-voltage transmission equipment, a critical sub-segment with global supply shortages. This focus, he said, is a sound move to address market needs.
Support for Renewable Energy Sources
Ishver Dholakiya, Managing Director of Goldi Solar, welcomed the targeted support for all renewable energy sources under the National Manufacturing Mission. This, he said, reinforces India’s commitment to a level playing field and ambitious energy goals.
Additionally, tax-related announcements will stimulate public spending and boost savings across sectors, including renewable energy.
Atanu Mukherjee, CEO of Dastur Energy, highlighted the government’s focus on intra-state transmission expansion. The budget’s financial incentives, which allow states to borrow additional funds tied to power sector reforms, will directly enhance grid reliability, reduce transmission losses, and improve power distribution efficiency.
Decarbonization Goals
Manish Dabkara, Chairman and Managing Director of EKI Energy Services and President of the Carbon Markets Association of India (CMAI), called the budget announcements a progressive step toward India’s decarbonization goals. The steps create new opportunities for the decarbonization industry, sustainability service providers, and the broader climate economy.
Nuclear Energy Mission
The government announced a Nuclear Energy Mission with a ₹20,000 crore investment in Small Modular Reactors (SMRs). Amit Rautela, CFO of Meja Urja Nigam Ltd (MUNL), described it as a bold move.
The initiative will support clean baseload power and reduce dependence on fossil fuels.
Devansh Jain, Executive Director of INOXGFL Group, highlighted investments in offshore wind capacity, green hydrogen production, and hybrid renewable projects. These investments are drivers of innovation, job creation, and economic growth.
Clean Energy Manufacturing
Rahul Munjal, Chairman and Managing Director of Hero Future Energies, praised the rationalization of tariffs on critical minerals. He also highlighted the incentives for manufacturing lithium-ion (Li-ion) batteries. These measures, he noted, will strengthen the domestic manufacturing ecosystem, boost Atma Nirbhar clean energy, and create more green jobs.
Fostering AI-Driven Innovation
As reported by msn.com, the ₹500 crore Centre of Excellence for AI in Education was hailed by Pawan Gupta, CTO of SkillsCapital. He described it as a crucial initiative to foster AI-driven innovation. The center, he said, will further strengthen India’s position as a global technology leader.
