Mr. Chirag Nakrani | Founder and Managing Director of Rayzon Solar
India’s target of 500 GW renewable energy capacity by 2030 requires key measures to accelerate growth. The solar industry expects the budget to focus on policy reforms, fiscal incentives, and skill development. Reducing GST on solar modules from 12% to 5% will lower project costs and boost adoption. Capital support for domestic manufacturing and expanded PLI schemes will strengthen manufacturing and exports. Increased funding for skill development and R&D will address manpower shortages and improve product quality. Long-term stable policies, aligned state and national policies, faster approvals, and consistent import duties will drive growth, attract investment, and ensure India’s leadership in renewable energy.
