Friday 22 January 2021

Budget expectation quotes for Renewable Energy and Infrastructure sectors from Mr. Yogesh Mudras, Managing Director, Informa Markets in India

 Renewable Energy

Mr. Yogesh Mudras, Managing Director, Informa Markets in India said “To achieve the vision of Atmanirbhar Bharat and to build 450 GW capacity of RE by 2030, the 2021 Budget should focus on supportive measures, given the criticality of the power sector for the economic growth. Since, the renewable energy sector grew at a much-reduced pace last year due to the Covid pandemic, the focus needs to be on large scale reform in the sector, with privatization and competition being two key themes for the reform. Furthermore, higher allocation for rural electrification, development of renewable energy infrastructure, improving tariff competitiveness and policy thrust will be essential for capacity addition.

Infrastructure:

Mr. Yogesh Mudras, Managing Director, Informa Markets in India said “The Union Budget of 2021 should have sufficient allocation for infrastructure growth because this also impacts employment. Since infrastructure development additionally supports different enterprises, it promotes comprehensive development and helps in ease of doing business. Since, Covid-19 has deepened the infrastructure sector’s troubles, it is further expected that increased spending on infrastructure will rejuvenate the aggregate demand and it will be the key ingredient to realize the vision of Atmanirbhar Bharat, which will further ensure that the economy stays on the recovery path.”

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