A View on the Renewable Energy Front, Union Budget 2022 by MD, Servotech Power Systems Ltd.
The key decisions made on the renewable energy front illustrated in the Union Budget 2022 precisely addresses the most critical challenges halting India's speedy transition to a clean new era.
Raman Bhatia, Founder and Managing Director, Servotech Power Systems Limited
New Delhi: Raman Bhatia, Founder and Managing Director, Servotech Power Systems Limited quote on the decisions pertaining to Renewable Energy Sector conveyed by Finance Minister Nirmala Sitharaman while presenting Union Budget 2022.
The key decisions made on the renewable energy front illustrated in the Union Budget 2022 precisely addresses the most critical challenges halting India's speedy transition to a clean new era. The allocation of additional Rs 19,500 cr to the Production Linked Incentive (PLI) for the development of high-efficiency solar modules, thoughtful policies & action plans, supporting incentives for green bonds would not only accelerate our pace to achieve the 2030 target of 280 GW of installed solar capacity but would also help deliver on the 2070 net-zero emissions target commitment made by PM Narendra Modi at the COP26 summit held last year in Glasgow and play a pivotal role in tackling the global crisis of climate change.
About Servotech
Having emerged as a pioneer in developing out-of-the-box solutions by integrating technology and innovation, Servotech Power Systems Ltd. an NSE listed company is engaged in the end-to-end manufacturing, procurement and distribution of a range of high-end yet advanced solar products, medical devices as well as energy-efficient lighting solutions. Having forayed into the EV market recently with the launch of high-tech EV charging equipment, the company intends to establish EV charging tech infrastructure pan India expeditiously and bolster the nation’s progression towards the electric revolution. With a remarkable legacy of over two decades in establishing solar-powered infrastructure and commissioning projects on a massive scale pan India.
News Must Read
- BEML reports stellar performance in Q4 FY24 results: Net Profit jumps by 62.5%
- NHAI took strict action against Toll Operating Agency for Misbehaving with Highway Users
- MRPL gets new Executive Director
- HUDCO signs MoU with Surat Integrated Transportation Development Corporation
- RVNL emerges lowest bidder from South East Railway to receive electronic interlocking order
- BPCL Q4 results, Consolidated net profit falls 30% to Rs 4,789 crore
- India on track to achieve solar power generation sustainability
- HPCL Q4 FY24 net profit falls 25% YoY to Rs 2,709 crore
- IREDA incorporates subsidiary in GIFT City, Gujarat
- NTPC Successfully Demonstrates 20% Torrefied Biomass Co-Firing