Vaibhav Pratap Singh, Executive Director, Climate & Sustainability India (CSI)
On MSME:
“It is encouraging to see MSMEs taking centre stage in the Union Budget. Enhancing credit guarantee coverage and reducing associated costs are crucial for ensuring the availability of credit that will facilitate future growth. Equally important is the need to protect export-focused MSMEs from non-tariff measures, such as the CBAM, through the establishment of an Export Promotion Mission. This mission could enhance the global competitiveness of Indian enterprises. Aligning MSME growth with climate technologies will be essential for advancing India’s ambitions for a circular economy. Additionally, implementing a policy on critical minerals is a vital step towards securing India’s energy future, which we believe will increasingly rely on electricity and how we store and utilise it.”
On Energy:
“Allowing an additional 0.5 per cent of GSDP borrowings emphasises the importance of electricity transmission and distribution in India’s vision for a greener grid. This flexibility can help states adapt to the evolving generation and consumption patterns resulting from an increasing share of renewables in the grid. Furthermore, it could address challenges within the country’s distribution sector, thereby promoting overall electricity generation in the nation, while meeting the financing requirements of both the transmission and distribution sectors, which are likely to be significant at around USD 180 billion according to the NEP until 2032.”
Originally published in CXO Today (Online)
