The Union Finance Minister of India, Nirmala Sitharaman is set to present Budget 2022 on 1st February. We are living in a unique time, and the corporate world has huge expectations with the budget.
Jaideep Mukherji, CEO at Smart Power India says, “India has envisioned reducing net carbon emissions to zero by 2070, committing to install forty percent of its electricity generation capacity from non-fossil fuels by 2030. Smart Power India (SPI) is aligned to this government goal and our initiatives too are aimed at enhancing energy access and deployment. We have partnered with the Government of India in the past to leverage the existing grid infrastructure for equitable distribution of electricity & intend to expand on it to achieve the goal of enabling clean and cost-effective electricity access for maximum rural/low-income households. The investment in the green energy corridor (GEC) by the government is a positive development for the industry and will enable private players to effectively participate in energy transition missions. In the upcoming budget, we hope there will be an increased emphasis on appropriate utilization of natural resources and financial allocation for renewable energy capacities to thrive, which will give a huge impetus to the sector’s growth in the future.”