Industry on upcoming Budget

The energy experts anticipate a strong emphasis on the development of power infrastructure.

Navin Goliya, Director- Kusam Electrical Instruments LLP

“With emphasis on ‘Make in India’, we expect that the Budget will be more liberal for manufacturing industries in India so that they get more encouragement to manufacture more and more items in India.”

Capt. Ishver Dholakiya- Managing Director and Founder- Goldi Solar

“The Union Budget 2025 presents a significant opportunity to accelerate India’s renewable energy ambitions and achieve the target of 500 GW by 2030. This requires a strong focus on domestic manufacturing, innovation, and advanced technologies like Battery Energy Storage Systems (BESS).”

Alka Sharma, Territory Head (Sales)-South Asia, Secure Meters

“We anticipate increased investment in renewable energy, particularly solar, wind and green hydrogen, to accelerate India’s clean energy transition. We also expect strong support for achieving net zero emissions with policies that promote energy efficiency and carbon reduction.”

Girish Tanti, Vice Chairman– Suzlon Group

“I am excited about the prospects for wind power in India. With over 1 TW of potential waiting to be harnessed, we have barely scratched the surface – having utilized just 4 percent of it so far.”

Rajesh Vijay, Director- Measurement International

“Policymakers should focus on the power sector, particularly on metrology standards. These standards are key to ensuring renewable energy systems’…. Budget policies that ease import duties on metrology equipment and provide exemptions for research and development tools can significantly impact.”

Vinay Rathi, Wholetime Director- Gloster Cables

“We expect the upcoming budget to focus on infrastructure development, renewable energy, and technological advancements. We hope to see increased government spending on infrastructure projects like roads, railways, and power grids, which would drive demand for our products.”

Sanjiv Prasad, Head- Power Utilities & ETP, RIL DMD  

“The Union Budget 2025-26 is expected to prioritise tax reforms, infrastructure development, and incentives for sustainable growth, with higher allocations for renewable power, EV charging infrastructure, and eco-friendly housing.”

Dr. Amit Paithankar, Whole-Time Director & CEO- Waaree Energies Ltd

“We are optimistic that the government will continue its support, as seen with the ₹19,500 crore allocation to the sector. We urge the government to encourage R&D by introducing targeted tax benefits and capital incentives.”

Pratik Agarwal, Managing Director- Sterlite Power Transmission Ltd.

“The budget should prioritise allocating at least ₹5,000 crore for the extension of the ISTS waiver for another term. Additionally, significant funding should be directed towards accelerating the development of cutting-edge technologies, particularly in areas like submarine cables, HVDC technology, and strategic communication systems, to outpace global advancements.”

Udit Garg, Managing Director & CEO- Kundan Green Energy

“Increasing tax holiday under Section 80-IA of the Income Tax Act and lowering corporate tax rates for companies engaged in renewable energy to 15 percent or lower would provide much-needed sustainability to the industry. Moreover, facilitating tax credits on the production of green hydrogen and lowering GST rates for renewable energy products like solar panels and wind turbines would spur investments and innovation opportunities.”

Sanchit Sekhwal Goyal, Director- Su-Kam Power Systems Limited

“We are eager for the Union Budget 2025 to include measures that support the transition to green energy, such as subsidies for adopting renewable energy. Additionally, we hope to see a greater allocation of funds for research and development in energy storage solutions. Incentives for solar power will also be vital for reaching energy independence. We anticipate that these requests will be addressed in the upcoming Union Budget 2025.”