Union Budget 2025-26: Solar shines bright with massive allocation of Rs 20,000 crore

The Solar Energy Sector saw the increase in the distribution of the budget distribution of 20025-26, as the government plans to focus on the Prime Minister of the Roof Suria Gujan Bijli, according to the distribution of 20,000 Rs, 6,500 rubles of FY25.

Is growing pressure caused by the country’s target for renewable energy? Currently it is 209 GW.

The Minister of Finance stated on the production mission, and it will also support pure technological production.

“This aims to improve the internal value supplement and build our ecosystem for solar PV cells, EV batteries, engines, wind turbines, very high voltage transmission equipment and network scale batteries,” he said.

This comes because the FY25 economic survey also pointed out China’s dependence for the item for renewable production.

Datta Power Infra’s Varchasvi Gagal, MD & CEO, says the move is a strategic step in creating a strong production ecosystem in India, which is supported by the Production Connected Promotion (PLI).

“First of all, it will stimulate India’s self-confidence in the production of solar cells, in line with the vision of the Government of Atkomanrad Bharat. Second, it will significantly accelerate the country’s progress by 2030 to achieve its ambitious 500 gigawat-renewable energy. India can reduce its dependence on import and develop a stable renewable energy ecosystem.

Local production in the future to support the main customs duties have been removed from cobalt powder, lithium-ion battery writing, lead, zinc and 12 additional minerals. Further policy of the July 2024 policy. This measure is expected to reduce input costs, secure raw materials and promote renewable energy job creation.

“The budget of the Union is rightly focused on doubling internal production and export exports, which will create new jobs, economic growth and stable energy transition. Currently, it is more and more difficult for the manufacturers of very pure energy equipment on the cost of artificial sales and overwhelms, “Risba Jane, Head of the Energy Environment and Senior Water Program.