Union Budget 2024 | Reaction from Manikkan S, Executive Director & CEO, Radiance Renewables

The recent budget announcements by the Finance Minister reflect a strong and consistent commitment to renewable energy, building upon the foundation laid by the Modi 2.0 government. The launch of the PM Surya Ghar Muft Bijli Yojana is a significant step towards reducing our dependence on fossil fuels and aligning with global climate goals. This initiative, which aims to provide free electricity up to 300 units for over one crore households, sends a clear message of policy continuance and support for the renewable energy sector.

We are also encouraged by the government’s decision to partner with private energy companies and provide substantial R&D funding for new energy technologies. This will drive innovation and support the development of critical materials essential for the sector’s growth.

Overall, this budget sets a robust framework for advancing India’s clean energy transition, enhancing investor confidence, and promoting sustainable development. We remain committed to contributing to India’s vision of a Viksit Bharat, leveraging innovation and dedication to renewable energy to drive a resilient and green future.