Giving a strong push to renewable energy, Finance Minister Nirmala Sitharaman has increased the budget allocation for the sector by Rs 9251 crore. The new allocation of 26549 crore is 53 per cent higher than the previous budget.
The industry welcomed the move for its strong emphasis on clean technology, manufacturing, and infrastructure, which they believe would fuel the country’s push toward energy security and sustainability.
The budget’s provisions, particularly for solar power such as PM Suryaghar Yojana and PM Kusum Scheme, further battery storage, and the Nuclear Energy Mission, are being highlighted by the industry veterans as crucial steps toward realising India’s ambitious energy transition goals.

Transmission Infrastructure and the Role of State Governments
Vaibhav Pratap Sing, Executive Director, Climate and Sustainability Initiative, provided insight into the growing importance of transmission infrastructure, especially as India shifts toward decentralized energy generation. He noted that the budget places responsibility on state governments to improve distribution and transmission systems to support energy transition. Singh also pointed to the significant cost challenges facing electric vehicles (EVs), stressing the importance of solving issues around critical mineral sourcing to bring EVs into price parity with internal combustion engine (ICE) vehicles.

Originally published in BW Business World (Online)