We are elated at Renewable Energy being a key dimension in the Government’s vision for the coming decade, as proposed in the Interim Budget, with specific focus on Electric Vehicles and Energy storage solutions.
With the focus on supporting domestic trade and services, and Public Sector Undertakings now sourcing from local entities, we foresee an impetus towards growth for domestic manufacturers in the sector, while achieving economies of scale and supporting job creation.
Moreover, we see solar energy being an integral support pillar to The Pradhan Mantri Saubhagya Yojna, which aims at making electricity accessible to all. We applaud the Government’s 2030 vision of reduced dependencies on foreign entities for fossil fuel and believe that given a sustainable ecosystem for domestic solar manufacturers, solar energy will be a prime source of energy. This in-turn, will reduce imports, thus strengthening the Rupee denomination and contributing to the nation’s GDP.
Furthermore, the proposed investment in the Railways and Roadways segment will enhance the scope for inter state commercial transportation, thus providing the solar industry with an opportunity to solarise commercial vehicles and other modes of public transport like buses and trains. With technological evolution leading the sustainable efforts of the country, we are confident that, if implemented, the proposed vision will help attain energy security and generate employment.