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Renewable Industry Says Budget Proposals Will Expedite India’s Energy Transition

Capital allocations and duty exemptions show the government’s intent

February 3, 2023

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Renewable energy and green mobility sector stakeholders have welcomed the Budget 2023 proposals laid out by Union Finance Minister Nirmala Sitharaman. The allocation for capital expenditure, an emphasis on improving green energy evacuation infrastructure, and steps towards strengthening battery energy storage systems have assured the industry that the government intends to meet its net zero targets within the stipulated timeline of 2070.

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