Budget Reaction Quote: Mr Girish Tanti, Vice Chairman of Suzlon

“The Government budget seems to be a significant step towards achieving India’s ambitious energy goals. By strengthening Aatmanirbhar Bharat across manufacturing and agriculture, with a focus on clean tech, wind, solar, EV, and battery storage, the budget aims to accelerate self-reliance in wind and solar manufacturing. The National Manufacturing Mission’s targeted support for all renewable energy sources is a welcome move, as it reinforces India’s commitment to a level playing field and ambitious energy goals. The expected outcomes are promising: surpassing the 500 GW target and creating nearly 3 million green jobs. Additionally, incentives for electricity distribution reforms and intra-state transmission upgrades will likely improve the financial health of power companies and enable better grid integration of renewables. This comprehensive approach should have a positive impact on India’s economy and population.”

“The key word is Eco-System : the nation cannot rely on just individual solutions to achieve its green transition at lowest cost to customers.  It requires a judicious mix of wind, solar, batteries and other non-fossil technologies, together with distribution reforms.  And for national security, we need to build this expertise locally, requiring the build-out of all these industries at scale.  We are happy that this budget recognises this need.  Suzlon is keen to work with the government and together with our fellow industrial groups to realise this vision.”