Beyond the Rs 20,000 Crore Boost: The Path to Faster Green Energy Progress

Published on Feb 8, 2025

The Indian government's Rs 20,000 crore allocation for R&D, AI, and geospatial initiatives marks a significant first step toward innovation. But is it enough to drive sustained progress in the renewable energy sector?

Dushyant Chachra, CFO of SAEL, acknowledges this move as a strong push in the right direction but stresses the need for a more comprehensive and sustained strategy to accelerate progress in this segment.

"This allocation signals a significant initial push, but a more comprehensive and sustained strategy is essential going forward to progress faster in this segment," said Dushyant Chachra.

To ensure long-term success, Chachra suggests key measures that the government should consider:

  • Increased R&D Funding
  • Streamlined Regulatory Clearances
  • Tax Breaks for Private Partnerships

"I believe the government may consider introducing measures like additional allocation in R&D funds, minimizing regulatory clearances, and providing significant tax breaks to encourage private partnerships in the near future," he added.

Beyond direct R&D investment, the government's focus on manufacturing and infrastructure is also a welcome move for the renewable energy industry. SAEL CFO, Dushyant Chachra expressed strong support for initiatives aimed at strengthening local clean tech manufacturing:

"We applaud the government's commitment to the 'Make in India' initiative and the new clean tech manufacturing policy, which will augment the development of solar PV cells, batteries, and other sustainable technologies locally in India. Reforms to improve electricity distribution and transmission, along with incentives for states to modernize infrastructure, will empower power companies nationwide."

As a leading renewable energy company, SAEL remains committed to advancing sustainability and looks forward to future initiatives that will fuel India's green energy future.

Dushyant Chachra’s insights have been featured in several leading publications, including:

#SAEL #GreenEnergy #RenewableInnovation #SustainableFuture