Union Budget 2025: Shifting the energy needle in the long run
Union Budget 2025 highlights efforts toward long-term energy security with plans to expand nuclear capacity to 100 GW by 2047, while emphasising domestic manufacturing of key components like solar PV cells, batteries, and wind turbines.
Clean-tech manufacturing
Budget 2025 recognises micro, small, and medium enterprises (MSMEs) as key drivers of India’s development journey. To support them, a National Manufacturing Mission has been announced, further strengthening the ‘Make in India’ vision with a budgetary allocation of INR 100 crore for 2025-2026. This mission aims to boost domestic production of solar PV cells, wind turbines, batteries, and electrolysers, emphasising India’s commitment to self-reliance and sustainable growth.
Critical minerals and recycling
The budget’s BCD exemption on cobalt powder, lithium-ion battery scrap, and other critical…
