Union Budget 2025 | Expect solid clean energy policy to accelerate adoption of rooftop solar systems, says CleanMax MD Kuldeep Jain

Finance Minister Nirmala Sitharaman will present the 8th consecutive Union Budget on February 1, 2025. Reports suggest that the government is mulling over cutting income tax for those who are earning up to Rs 15 lakh a year in February's budget, in turn providing relief to the middle class.

The clean energy sector has pinned high hopes on the Union Budget FY 2025-26 documents and is keeping its fingers crossed regarding their expectations from the government's most important financial document of the year.

"As we look ahead to the upcoming budget, we are optimistic about India’s continued commitment to advancing its clean energy transition towards a net-zero economy. India is poised to shine on the global stage as a pioneer in clean energy, setting the standard for sustainability, industrial growth, and climate action.

With renewable energy installations expected to grow more than fourfold by 2030, we are confident that C&I sectors like manufacturing, data centres, automotive, cement, steel etc. will thrive in an environment that supports their sustainability efforts and climate goals.

The C&I (Commercial & Industrial) sector, responsible for 50 per cent of India’s overall energy needs, is rapidly adopting green energy with large-scale solutions.

We anticipate announcements that will accelerate the adoption of rooftop solar systems and open access solutions, further propelling the shift towards green energy.

India’s growing leadership in the global clean energy revolution will be reinforced while optimizing energy costs, boosting industrial competitiveness, and creating millions of new jobs across expertise such as design, manufacturing, and operations.

This momentum will not only fuel economic growth and job creation but also attract foreign investments, while helping industries meet their low-carbon emission goals," said Kuldeep Jain, Managing Director of CleanMax.

Union Budget 2025 | Nirmala Sitharaman, who continues to be Finance Minister, will present her record 8th Union Budget this time. While inflation has burnt a hole in the pockets of 'aam janata', reports suggest there might be a tax relief for those making up to Rs 15 lakh per year. Track the latest coverage, live news, in-depth opinions, and analysis only on Deccan Herald. Also follow us on WhatsApp, LinkedIn, X, Facebook, YouTube, and Instagram.