“The Union Budget presented by the Hon’ble Minister Nirmala Sitharaman today clearly demonstrates the government’s vision of putting India on a growth trajectory. Fortum India appreciates the various steps taken by the government in addressing the issues related to tax and duties in the renewable sector and electric mobility.
As Fortum India proceeds in setting up fast-charging EV infrastructure in India, the reduction in GST and import duties will accelerate the deployment and usage of electric vehicles in India. We now see a lot of action in the electric mobility, charging and storage space in line with the government’s green vision, which is very encouraging for the industry.
We at Fortum wish to collaboratively work with vigour towards government’s aim of having 30% electric vehicles by 2030, by continuing our investments in recycling the capital.”