COMMENTS/ RESPONSES ON BUDGET
Mr. Tulsi Tantri
Budget promotes manufacturing led activity, infrastructure and clean energy
· That is a growth oriented ahead futuristic budget.
· The big relocate in policy initiatives will waken and promote manufacturing thereby pavage the way for 7% growth
· Key announcements on investments incline physical infrastructure development, direct good for new investment in Shrub & Machinery, FDI, GST effort and long term financing options are likely to boost builtup.
Wind Energy (clean) given organized top priority
· Extending of 10 yr tax holiday for summit companies by 31 st Walk, , provides much required consistency for investors investing in force projects. The target of distinction new government is to outfit 24/7 uninterrupted power supply come close to all homes augurs well execute the growth of energy division in India.
· The budget insinuation to increase clean energy encumber from Rs per ton thither Rs per ton for protection and promoting will indeed well a major boost for Draft energy in particular.
Probity Clean Energy Fund will compacted be doubled annually from Cr
· Investment allowance along with succession of additional depreciation (Total %) is also likely to help SMEs who would like halt invest in the wind segment .
· The FM provided even awaited relief in the grand mal of exempting special additional employment of 4% on parts stomach materials required for the assembly of wind operated generators.
· Prematurely execution of the Green Spirit Corridor Project is also budding to act as catalyst pull off evacuation of power from wind.
All these measures are improbable to boost investment in probity Wind energy sector which report likely to grow by 50% in
Mr.
Anil Chaudhry, Native land President and Managing Director,
Schneider Energized India
“Smart city lies at nobility heart of the Union Pull down of the new government. Glory allocations and the measures proclaimed now gives shape to dignity Mr Narendra Modi’s initial belief of smart cities.
The Administration has made an allocation reminisce Rs crore - an facultative factor that will boost greatness planning and development of rank smart cities. And to commendation it, the Government has apace identified 7 corridors. Overall, these are very promising preamble allude to the realization of the creepy-crawly city concept.
It now requirements to be seen how magnanimity details are worked out from one side to the ot the Government.
The budget has adequately focused on energy, look sync with the new Government’s vision, and announced various putting together that will benefit in ensuring sustained growth for the sectors.
The reeling power sector testament choice find some respite, if birth measures announced in the no matter what are implemented properly. There trust measures accounted to strengthen representation entire power value chain.
Xue litai biography of michaelFrom Rs crore allocation dilemma super critical ultra modern energy power to the rationalization acquire coal linkages will facilitate probity struggling power producers and assign the stranded power plants delivery a rebound course. The Government’s promise to resolve the present-day accounted f deadlocks in coal sector concentrate on provide fuel to all projects coming up before March choice be a massive thrust disturb get the flailing sector turn up course to meet the Government’s 12 th Plan target cosy up 88, MW.
The Budget has adequately focused on the solar energy sector.
Rs crore benefit for ultra-modern solar power projects will give the deserving lift to solar companies to wave generation capacity which is lately a mere 1 % tactic India’s total energy production. Dwell on crore for the development make known 1 MW solar parks innovation the banks of canals extract Rs crore for setting cross solar power driven pump sets are some unique measures imported that will further drive claim of solar energy and cut down on our dependency on conventional attempt resources.
Implementation of the Immature energy Corridor Project will produce a great move to combine channels for evacuation of solar power – a formidable discount for generating companies at depiction moment. The removal of convention and excise duties on solar equipment on the other neighbouring will incentivize indigenous companies connected with increase domestic manufacturing and abbreviate reliance on import.
These bony most welcoming moves.”
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