NSEFI Urges Fiscal Changes for Renewable Energy
POWER & RENEWABLE ENERGY

NSEFI Urges Fiscal Changes for Renewable Energy

The National Solar Energy Federation of India (NSEFI) is advocating for significant fiscal reforms in the Union Budget 2024-25 to stimulate growth in the renewable energy sector. Recognizing the pivotal role of renewables in India's energy transition, NSEFI proposes strategic measures to enhance investment incentives and streamline regulatory frameworks.

NSEFI's proposals aim to address critical challenges faced by the renewable energy industry, including financing constraints, policy uncertainties, and regulatory complexities. The federation emphasizes the need for proactive fiscal policies that can attract investments, promote innovation, and accelerate the deployment of renewable energy technologies across the country.

Key recommendations include enhancing tax incentives for renewable energy projects, simplifying approval processes, and ensuring timely disbursement of subsidies and incentives. These measures are designed to create a conducive environment for private sector participation and international collaboration in India's renewable energy market.

Moreover, NSEFI stresses the importance of long-term policy stability and clarity to build investor confidence and sustain growth momentum in the sector. Clear and predictable regulatory frameworks are essential to mitigate risks associated with renewable energy investments and encourage long-term commitments from stakeholders.

The federation's advocacy aligns with India's ambitious renewable energy targets, aiming to achieve significant capacity additions in solar, wind, and other renewable sources. By advocating for fiscal changes in the Union Budget, NSEFI seeks to unlock the full potential of renewable energy resources and drive sustainable development across the nation.

NSEFI's recommendations also emphasize the economic benefits of transitioning towards clean energy, including job creation, energy security, and environmental sustainability. By prioritizing renewable energy investments, India can reduce dependency on fossil fuels, mitigate greenhouse gas emissions, and contribute to global climate change mitigation efforts.

In conclusion, NSEFI's advocacy for crucial fiscal changes in the Union Budget 2024-25 reflects the renewable energy sector's aspirations for accelerated growth and sustainability. The proposed reforms aim to catalyze investments, foster innovation, and establish a robust framework for India's renewable energy transition, reinforcing the country's commitment to a greener future.

The National Solar Energy Federation of India (NSEFI) is advocating for significant fiscal reforms in the Union Budget 2024-25 to stimulate growth in the renewable energy sector. Recognizing the pivotal role of renewables in India's energy transition, NSEFI proposes strategic measures to enhance investment incentives and streamline regulatory frameworks. NSEFI's proposals aim to address critical challenges faced by the renewable energy industry, including financing constraints, policy uncertainties, and regulatory complexities. The federation emphasizes the need for proactive fiscal policies that can attract investments, promote innovation, and accelerate the deployment of renewable energy technologies across the country. Key recommendations include enhancing tax incentives for renewable energy projects, simplifying approval processes, and ensuring timely disbursement of subsidies and incentives. These measures are designed to create a conducive environment for private sector participation and international collaboration in India's renewable energy market. Moreover, NSEFI stresses the importance of long-term policy stability and clarity to build investor confidence and sustain growth momentum in the sector. Clear and predictable regulatory frameworks are essential to mitigate risks associated with renewable energy investments and encourage long-term commitments from stakeholders. The federation's advocacy aligns with India's ambitious renewable energy targets, aiming to achieve significant capacity additions in solar, wind, and other renewable sources. By advocating for fiscal changes in the Union Budget, NSEFI seeks to unlock the full potential of renewable energy resources and drive sustainable development across the nation. NSEFI's recommendations also emphasize the economic benefits of transitioning towards clean energy, including job creation, energy security, and environmental sustainability. By prioritizing renewable energy investments, India can reduce dependency on fossil fuels, mitigate greenhouse gas emissions, and contribute to global climate change mitigation efforts. In conclusion, NSEFI's advocacy for crucial fiscal changes in the Union Budget 2024-25 reflects the renewable energy sector's aspirations for accelerated growth and sustainability. The proposed reforms aim to catalyze investments, foster innovation, and establish a robust framework for India's renewable energy transition, reinforcing the country's commitment to a greener future.

Next Story
Infrastructure Urban

Arya Omnitalk Powers India’s Toll Revolution with AI-Driven Solutions

Arya Omnitalk, a leader in intelligent transportation systems, is revolutionising toll collection across India’s national highways with its advanced AI-powered Toll Management Solutions. Designed for rugged remote toll locations, the company’s cutting-edge technology ensures seamless, reliable, and secure tolling—especially during high-capacity operations exceeding 200%. By integrating real-time analytics, cyber protection, and FASTag-based cashless tolling, Arya Omnitalk’s systems are significantly reducing congestion, improving transparency, and enhancing revenue assurance. Its full..

Next Story
Infrastructure Urban

Over 800 Join Anant Raj Runathon to Mark Earth Day

Over 800 participants came together at Anant Raj Estate, Sector 63A, Gurugram, for the Anant Raj Runathon 2025—a vibrant celebration of Earth Day through fitness, community bonding, and sustainability. Curated by renowned running coach Ravinder, the event featured four categories: 10-mile and 5-mile timed runs, a 5-mile walkathon, and a 1-mile kids’ run. Runners of all ages took to the green, scenic roads of the area—some chasing personal bests, others running for a cause. The Runathon was designed to promote healthy living while raising awareness about sustainable practices. Participa..

Next Story
Infrastructure Urban

PETRONAS Lubricants, Quaker Houghton Ink Strategic Deal

In a significant step towards strengthening industrial operations in India and Malaysia, PETRONAS Lubricants India Pvt. Ltd (PLIPL) and Quaker Houghton have announced a strategic partnership aimed at delivering high-performance industrial fluid solutions to key manufacturing sectors, including steel production. The collaboration combines the strengths of both companies—leveraging PETRONAS Lubricants India’s maintenance lubricant technologies and Quaker Houghton’s deep expertise in metalworking fluids. Starting from the second quarter of 2025, Quaker Houghton will begin offering PETRONAS..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?