The 2025 Budget brought forward by Union Finance Minister Nirmala Sitharaman raised new hopes for the Indian solar sector.
The Union Budget 2025-2026 was recently announced by Finance Minister Nirmala Sitharaman wherein she announced exemption of duties for 35 additional capital goods used in EV battery manufacturing.
The government has allocated INR 1,500 crore for the solar power grid sector in the Union Budget 2025-26.
India’s latest Union Budget has set the stage for significant shifts in the electric vehicle (EV) and renewable energy sectors.
India’s journey towards a sustainable energy future will be shaped by the industrial sector’s ability to decarbonise, industry leaders and experts emphasised at the India Energy Transition Summit hosted by FICCI.
As India continues to focus on sustainable development, the Union Budget 2025 has become a much-anticipated opportunity for the renewable energy (RE) industry to strengthen its contribution toward national and global climate goals.
