Budget 2025: Renewables industry welcomes budget, says clean energy push to boost sector growth

The renewable vigor manufacture has hailed the Union Budget 2025-26, saying the absorption connected cleanable power, manufacturing, and sustainability volition propulsion the sector's growth.

Union Finance Minister Nirmala Sitharaman presented her grounds eighth consecutive Union Budget successful the Lok Sabha connected Saturday. Vineet Mittal, Chairman of Avaada Group said strategical initiatives similar planetary manufacturing clusters and cleanable tech advancements nether National Manufacturing Mission volition presumption India arsenic a planetary concern powerhouse.

Sumant Sinha, Founder, Chairman & CEO, ReNew said the Rs 20,000 crore allocation for atomic vigor and projected legislative reforms show a forward-thinking attack to vigor information and decarbonization.

Nikhil Sawhney, Managing Director, Triveni Turbines said, "We spot these initiatives arsenic a catalyst for innovation, sustainability, and self-reliance, reinforcing India's enactment successful precocious vigor solutions." 

Sharing his views, Abani Jha, CFO, Saatvik Green Energy said the government's continued absorption connected strengthening home manufacturing of star cells, modules, and grid-scale batteries aligns with Saatvik Green Energy's imaginativeness of making India self-reliant successful star exertion and reducing dependency connected imports.

UTL Solar CEO Yogesh Dua said the accrued absorption connected rooftop star is indispensable for gathering the nationalist vigor information and sustainability objectives. The authorities has allocated Rs 20,000 crore to flagship rooftop star inaugural (PM Surya Ghar Muft Bijli Yojana), reflecting a robust committedness to sustainable vigor and biology stewardship.

Anurag Choudhary, CMD & CEO of Himadri Speciality Chemical said the connection to afloat exempt basal customs work connected lithium-ion artillery (LiB) scrap, on with captious minerals specified arsenic pb and zinc, is simply a transformative argumentation intervention. This determination volition not lone streamline cost-efficient recycling processes, and guarantee a dependable proviso of indispensable earthy materials, but besides heighten their accessibility for home manufacturers.

On the budget, Waaree Energies Whole-Time Director & CEO Amit Paithankar said "The announcement of the National Manufacturing Mission, on with enhanced PLI schemes and tariff rationalization for captious minerals volition enactment the accelerated maturation of the full renewable vigor ecosystem.

Mamtamayi Priyadarshini, Chairperson, Indian Industries Association - Delhi Chapter - said, the accrued indebtedness limits for MSMEs and startups volition service arsenic a lifeline crossed the industries.

Parag Sharma, CEO & Founder of O2 Power said beyond the measures announced to boost renewable vigor assemblage successful the budget, the manufacture needs a broad attack that includes onshore reforms, grid security, and faster execution of powerfulness acquisition agreements imperative to accelerate India's cleanable vigor transition.

Rajeev Kashyap, SVP and General Manager for Nextracker India, Middle East and Africa said the absorption connected boosting home manufacturing of cardinal components similar grid-scale batteries, electrolysers, and star cells is simply a captious enabler for the renewable vigor sector. This volition not lone trim dependence connected imports but besides thrust down costs, making cleanable vigor much accessible.