Energetica India Magazine January-February 2021

SOLAR POWER India Inc Evaluates Budget 2021 as Growth Oriented amid Covid Scenario Despite severe stress of the country’s economic revival, Finance Minister and her team had tried to remain no stone unturned, in keeping the promise of ‘Budget like never before’ amid Covid scenario, and gained appreciation. Infact, Finance Minister has chosen the measures for economic revival through promoting clean energy by providing more finances for SECI and IREDA, emphasizing Aatmnirbhar Bharat via encouraging domestic manu - facturing, refraining from imposing Covid related extra cess, duties and taxes. Although, duties on solar inverters and solar lanterns has been proposed. Here’s how the renewable energy industry stakeholders evaluated the Budget 2021: Tulsi Tanti, Chairman Suzlon Group and Indian Wind Tur- bine Manufacturers (IWTMA) Chairman “I am particularly inspired by the Union Budget presented by our FM. It has the right set of priorities and initiatives re- quired to stimulate our nation’s economy post the COVID 19 crisis. The budget is bold and focusses on the basic driv- ers of our economy. Focus on infrastructure, power sector and renewable energy is par- ticularly encouraging, howev- er, there is ample impetus for healthcare and Aatmanirbhar Bharat. I am also delighted to see that the government is fo- cusing on Inclusive Develop- ment, Innovation and Human Capital which is going to build the new India of our dreams. This is a very comprehensive budget and there is enough in this budget for all sections of the industry and society. The stimulus for the MSMEs will help build the foundation of a strong domestic economy. It is rare to see such a wide range of coverage in the Union budget and I congratulate the Finance Minister and the Government of India for the same. I am sure this budget will go a long way in building a sustainable and strong India.” Nitin Prasad, Chairman, Shell Companies in India “We welcome the inclusive and comprehensive budget an- nounced by the Honorable Finance Minister, with its clear em- phasis on facilitating and supporting India’s economic, social and green recovery from the pandemic. The energy sector reforms highlight the government’s focus on energy transition. Measures to improve and simplify the energy infrastructure for oil and gas, launch of the hydrogen energy mission, boost to non-conventional energy sources and emphasis on clean air are welcome steps that will strengthen India’s sustainable growth and broaden access to uninterrupted, low carbon en- ergy. We also applaud the slew of measures to help startups and MSMEs grow, a step that will further boost the resolve of an ‘Atmanirbhar Bharat.” Sanjay Aggarwal, Managing Director, Fortum India “The Union Budget presented by the Hon’ble Minister Nirmala Sitharaman has announced crucial steps to contribute towards the growth of the Indian economy. We welcome the measures proposed by the government to address concerns related to Tulsi Tanti Chairman Suzlon Group and Indian Wind Turbine Manufactur- ers (IWTMA) Chairman Nitin Prasad Chairman, Shell Companies in India Credit by- News18 creative 26 energetica INDIA- Jan-Feb_2021