Summary:

Industry experts have praised the Budget's emphasis on critical minerals and the green transition, noting its potential to enhance resource self-reliance and achieve net-zero goals. Finance Minister Mrs. Nirmala Sitharaman highlighted key initiatives to boost infrastructure, industry, healthcare, education, startups, and green energy. Significant developments include advancements in thermal power technology (AUSC), support for essential minerals, pumped hydro storage, the elimination of angel tax, and solar PV subsidies. These efforts aim to reduce import dependency and increase domestic production.

Mr. Hanish Gupta, Founder and CEO of Sunkind Energy, considers the Budget a pivotal moment for India’s renewable energy sector. The PM Suryaghar Muft Bijli Yojana plans to reduce fossil fuel reliance and transform the energy landscape by installing rooftop solar panels on one crore homes.

Source: IBEF 

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