“While the existing production-linked incentive schemes are a positive move, additional duty-based support for storage technologies will be key to unlocking the full potential of solar in India.” Nishant Sood, Managing Director, Candi Solar
The announcement of the National Manufacturing Mission to support clean tech, particularly in EV batteries and solar panels, is a significant step towards strengthening India’s position as a leader in the renewable energy sector. This forward-thinking initiative will not only foster domestic production but also drive innovation and efficiency, further accelerating our transition to clean energy. We are especially encouraged by the government’s focus on scaling up battery storage, which is a critical enabler for solar energy adoption. While the existing production-linked incentive schemes are a positive move, additional duty-based support for storage technologies will be key to unlocking the full potential of solar in India. This Budget signals a clear commitment to a sustainable, self-reliant energy future, and we are excited to be a part of this transformation.
By Nishant Sood, Managing Director, Candi Solar
