Post Budget quote by Mr. Bikesh Ogra, MD&CEO, Jakson Green

"It seems that the budget was favorable to the clean energy sector.Make in India mission will establish India as a global renewable energy hub by reducing import dependence, creating jobs. Crucially, the budget emphasizes power sector reforms, incentivizing states to modernise distribution and transmission infrastructure i.e essential for seamlessly integrating RE sources into the grid and ensuring a stable power supply. The proposed PPP model for infrastructure development, coupled with substantial interest-free loans, will catalyse investments in RE projects.  

The announcement of the Nuclear Energy Mission, with its focus on SMR R&D and a target of 100GW by 2047, demonstrates a balanced approach to clean energy. While solar, wind, and green hydrogen will be key, nuclear energy can play a complementary role in providing baseload power.

The proposed amendments to the Atomic Energy Act and the Civil Liability for Nuclear Damage Act, along with greater private sector participation, are positive steps. We are also encouraged by the government's commitment to Ease of doing business. Streamlining approvals for M&A, combined with a modern regulatory framework, will further support the growth of the RE sector.  

The National Critical Minerals Mission is a vital initiative, securing access to critical minerals like lithium and cobalt is essential for manufacturing RE technologies and ensuring India's energy security. Focusing on exploration, mining, and processing of these minerals is a proactive approach.

Also, the emphasis on skill development, capacity building & investing in training programs will create a skilled workforce to drive the clean energy transition. Overall, Budget 2025 demonstrates a strong commitment to clean energy, sustainable development, and energy security, paving the way for accelerated growth in the sector."