Union Budget Reaction Quote || Mr. Gopal Kabra-Founder & MD- GK Energy

“The budget can be termed as progressive aimed at bolstering the solar sector's growth and sustainability and we welcome the budget proposals. The government's commitment to increasing investment in renewable energy was evident through significant allocations for solar infrastructure development, and energy storage solutions.

Notably, the custom duty exemption on capital goods for solar cells and panels stands out as a pivotal move. This exemption is expected to lower production costs, making solar energy more affordable and accessible. More than 1.3 Cr registrations and more than 14 lakhs applications under PM Suryaghar initiative is poised to accelerate rooftop solar installations, enhancing energy security and supporting the energy transition. Additionally, the establishment of a carbon market will incentivize reduced emissions, aligning with India's climate goals. These initiatives collectively reflect a forward-looking vision for a sustainable and self-reliant solar ecosystem in India.”