India Union Budget 2025 Key Updates - Energy and Renewables

The Union Budget 2025 has struck the right notes for India Inc., with a slew of measures aimed at boosting consumption and encouraging private sector capital expenditure. The government's continued focus on 'Make in India' is expected to increase domestic production, reduce imports, and create jobs, contributing to long-term growth. Additionally, the proposed reforms for greater ease of doing business in India will help facilitate more international and domestic investment.

For the Energy and Renewables sector, the budget highlighted the goal of developing 100 GW of nuclear power capacity by 2047, with amendments to the Atomic Energy Act and Civil Liability for Nuclear Damage Act to encourage private sector participation. This measure, complemented by INR 200bn for Small Modular Reactors R&D, strengthens long-term energy security. Incentives announced for clean tech manufacturing—spanning solar PV cells, EV batteries, and wind turbines—will reduce reliance on imports and enhance India's role in the global green energy supply chain.

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