Budget 2023 | Industry has appreciated the budget’s green energy, infrastructure boost.

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Attention and Allocation to Building a Green infrastructure And a decarbonized energy regime is at the core of this. Union Budget That puts India on the path to being future proof,” said Prashant Roya, Director, Acer Capital.

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“Allocation of ₹35,000 crore for energy transition with an ambitious target of 5 MMT hydrogen will generate new demand movements across the country and thus promote green growth. This will be complemented by customs for green mobility. Relief in duties and taxes.”

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Yogesh Madras, Managing Director, Informa Markets in India said, “Sustainable growth in all sectors is the government’s top priority in this year’s budget. With the emphasis on shifting towards greener fuels, green hydrogen is another key focus of Budget 2023. factor. So, ₹30,000 crore investment in energy transition will help the country reach 5 million tonnes of green hydrogen production by 2030,” he said.

“At a time of extraordinary volatility and uncertainty, the government has maintained a consistent stance on five key themes – pursue a path of fiscal prudence, continue to push for a capex accelerator to support growth and boost private sector investment. “Keep, provide adequate support. To the most vulnerable sections and those most affected by the pandemic, follow conservative and pragmatic budgetary arithmetic and move further towards simplification and reforms,” ​​Bank of Baroda. said Sanjeev Chadha, Managing Director and CEO.

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Bhargu Dasgupta, MD & CEO – ICICI Lombard said on the Union Budget, “The Union Budget FY23-24 is a very progressive and inclusive budget with a high focus on infrastructure and investment growth while maintaining a path of fiscal stability. The fiscal deficit has been reduced to 5.9% while providing a very rapid investment of ₹10 lakh crore (highest ever), effectively converting revenue expenditure into capital expenditure which has a greater multiplier effect.

Agneswar Jayaprakash, Founder-CEO, Garuda Aerospace said, “The Union Budget announced will certainly be beneficial. Finance Minister Nirmala Sitharaman’s announcement highlights the scope and growth of the startup economy.” Is.

“Garuda Areospace’s Virtual Skilling and Training Universities aim to empower 1 lakh youth by imparting training and skills to become drone pilots. Along with this, Garuda will also provide job opportunities to them,” he said.

Sudhir Mehta, Founder & Chairman, Pinnacle Industries & EKA Mobility said, “The focus on capital expenditure with promising prospects for the commercial vehicle, green mobility, and railway sectors is indeed encouraging. Among the most progressive announcements One is the removal of customs duty on capital goods imported to make Li-ion batteries for locally made electric vehicles in India, which will substantially correct the cost for electric vehicles.

This will not only help us achieve our sustainability goals but also promote ‘Made in India’ products and technology. The government continues to focus on green mobility, and the budget allocation for a national hydrogen mission will bring new opportunities for growth and innovation.

KV Hariharan, Senior Vice President- FP&A, Data Analytics & Strategic Planning, Amway India said, “The government’s focus on upskilling, job creation, infrastructure development, and strengthening digital capabilities Emphasis is on inclusive growth based on announcements.5 trillion for India’s path to economy.

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