As we get near to the Union Budget 2025, there are high expedients for enterprise that will boost the renewable energy sector indeed further. One of the schemes, The PM Surya Ghar Muft Bijli Yojana, has formerly made a huge impact. By offering free electricity, up to 300 units a month, through rooftop solar setups, the action as really taken off, racking up over 12.8mn enrollments and 1.4 m operations. With subventions reaching 60 Percent for systems up to 2kw, this program has empowered numerous homes.
India’s renewable energy sector is hopeful that the forthcoming Union Budget will lay a roadmap for the frugality to ramp up green energy capacity.
To do this, the immediate focus should be on critical enablers, similar as the timely signing of the power purchase agreements( PPAs) and fast development of transmission structure. As a result of these anticipated developments, investors have turned their attention to top renewable energy companies, anticipating favourable returns.
Here are the key quotes from the Leading Industry experts for the upcoming Union Budget 2025.
1. Dr Rohan Dutta, Associate Professor, Anant School For Climate Action.
“As India strives to achieve its climate action goals and transition towards a sustainable future, the Union Budget 2025 presents a pivotal opportunity to prioritise climate education in alignment with the visions of the National Education Policy 2020, and the National Mission on Strategic Knowledge for Climate Change under the National Action Plan on Climate Change. I expect increased budgetary allocations to incorporate climate literacy at all levels of education, from primary schools to higher institutions. This must include curriculum redesigns focused on sustainability, renewable energy, conservation, and practical skill-building programs for green jobs. Investments in teacher training and digital resources can enhance the reach and effectiveness of climate education, especially in rural and underserved areas. Collaboration with industries and research institutions can foster innovation hubs within educational institutions, promoting climate solutions tailored to India’s unique challenges.
Climate change is no longer abstract – it directly affects livelihoods, health, and economies. Therefore, empowering the next generation with knowledge and solutions is an investment in long-term resilience. The 2025 Union Budget must demonstrate a commitment to making climate education a cornerstone of national development, aligning with global best practices and India’s ambitious sustainability commitments. Only with informed citizens can India truly lead in creating a sustainable and climate-resilient world.”
2. Mr. Sanchit Sekhwal Goyal, Director of Su-Kam Power Systems Limited
Mr. Sanchit Sekhwal Goyal, Director of Su-Kam Power Systems Limited, expressed, “We are eager for the Union Budget 2025 to include measures that support the transition to green energy, such as subsidies for adopting renewable energy. Additionally, we hope to see a greater allocation of funds for research and development in energy storage solutions. Incentives for solar power will also be vital for reaching energy independence. We anticipate that these requests will be addressed in the upcoming Union Budget 2025.”
3. Mr. N.P Ramesh, COO and Co-Founder of Orb Energy
“India’s clean energy future depends on making solar more accessible, especially for businesses and SMEs looking to make the switch. The upcoming Union Budget is an opportunity to remove financial barriers and encourage adoption. One key step would be restoring 100% accelerated depreciation for solar investments—a policy that once made solar a more viable choice but was later reduced to 40%. Bringing it back would help businesses recover costs faster and drive wider adoption. In the residential sector, the subsidy provided on systems could be replaced by income tax incentives which would remove the administrative burden of managing the subsidy mechanism. This could also get more people filing taxes. Equally important is strengthening domestic solar manufacturing. Providing better infra support and tax breaks would be better than production-linked incentives.
4. Mr. Tanmoy Duari, CEO, AXITEC Energy India Pvt. Ltd, leading solar module manufacturer
“As India strives to achieve 500 GW of non-fossil fuel capacity by 2030, we expect the upcoming budget to accelerate the growth of the renewable energy sector. At AXITEC Energy India Pvt Ltd, we anticipate incentives for solar energy storage, green hydrogen, and grid-scale solar projects, which will help bridge the gap between India’s installed solar capacity of 60 GW and the ambitious target of 300 GW by 2030. Clarity on customs duty exemptions and GST reductions will also be crucial in making renewable energy more affordable. A supportive budget will propel India’s transition to a low-carbon economy.”
5. Mr. Rajesh Gupta, Founder & Director, Recyclekaro
“As India moves towards a more sustainable future, the Union Budget 2025 is a key moment to boost the country’s renewable energy and electric mobility sectors. We hope to see strong policy support and tax incentives that encourage innovation in clean energy solutions like solar, wind, and energy storage, while also prioritizing the growth of domestic manufacturing for green technologies. Simplifying regulations, alongside increased funding for renewable energy R&D and grid integration, can help India maintain its position as a global leader in sustainable energy.
Additionally, as the EV market rapidly grows, the budget must address critical needs in the EV battery and recycling sectors. Policies that promote the development of advanced battery manufacturing, establish robust recycling networks, and support circular economy initiatives are crucial for a self-sufficient and sustainable electric vehicle ecosystem. Strengthening research and encouraging collaboration between public and private sectors in the battery supply chain will not only reduce our reliance on imports but also pave the way for India to become a global leader in clean innovation”.
6. Dr. Miniya Chatterji, CEO, Sustain Labs Paris
“One of my key expectations is the introduction of incentives for renewable energy expansion, particularly in solar and wind energy, along with enhanced support for green hydrogen initiatives. Additionally, there is hope for increased allocation toward climate-resilient agriculture and water management, which is crucial for addressing the vulnerabilities faced by rural India due to changing climatic conditions. I also expect the government to take the next step in implementing the climate finance taxonomy announced last year.
On the other hand, my hope is that the budget will intensify its focus on climate education as that is the oft-neglected key component for the other initiatives to fructify. My hope is also that the Union Budget will support the growth of SMEs and startups, including catering to the mandatory sustainability related attributes and documentation required for their inclusion in global trade”.
7. Quote on Pre-Budget 2025 by Mr. Manikanth Challa, Founder & CEO, Workruit
The Union Budget 2025 holds immense potential to shape the future of career development and job readiness in India. Building on the momentum of last year’s initiatives, such as the Digital India program and increased allocations to skilling under PMKVY, we expect a stronger focus on integrating AI-driven tools and platforms into career-building programs. From Workruit’s perspective, we hope to see a dedicated budget for developing AI-based career guidance platforms and resume-building tools that empower job seekers to align their profiles with market demands and employer expectations. Subsidies or grants for startups working on ATS-compliant resume builders and personalized job search tools would be a step in the right direction.
Moreover, further enhancements to digital skilling programs and targeted upskilling initiatives for women, rural youth, and gig workers can make career-building efforts more inclusive. An increase in allocations for AI research and innovation, particularly in recruitment technology, will accelerate the development of tools that streamline hiring processes. Additionally, creating tax incentives for companies investing in AI for career-building and launching a central portal for skill certification and job matching could bridge critical gaps between education and employment. These steps would solidify India’s position as a global leader in talent development.
8. Mr. Srinivasa Addepalli, Founder and CEO, GlobalGyan Leadership Academy
“As we look toward the Union Budget 2025, it’s important that we focus on skilling, upskilling, and leadership development to prepare our workforce for the future. The emphasis of education is only on 15-20 years of school and college. The next 30-40 years are equally important for learning. Professional upskilling should be treated on par with education. By investing in programs that provide individuals with the skills they need, we can help them stay relevant in a fast-changing job market.”
9. By Mr Maxson Lewis, Founder and CEO of Magenta Mobility
“The Union Budget 2025 is a pivotal moment for the EV logistics sector, which plays a crucial role in India’s transition to sustainable transportation. Targeted incentives for commercial fleet electrification, reduced financing costs for EV logistics operators, and a more structured GST framework for EV components can significantly accelerate adoption.
Additionally, policy support for localised battery recycling and supply chain development will strengthen India’s self-reliance in the EV ecosystem. With the right measures, the Budget can drive large-scale EV adoption in logistics, making clean mobility more accessible, efficient, and economically viable.”
10. Pre-Budget Quote 2025 by Mr. Mahesh Krishnamoorthy, Managing Director, Core Integra
“As we approach the Union Budget 2025, the business community expects simplification of regulations, lesser penal provisions, single window clearances and digitalization of compliances. This will not only enable ease of complying but bring higher transparency and better governance. One of the key expectations is the implementation of the new labour codes which will bring about a significant transformation in the manner in which labour law compliances are done today. Not only will it consolidate and simplify the regulations but ensure better adherence. It would also pave way for integrated platforms for digital submissions. It is anticipated that the budget will mention at least a phased roll out starting with the Code on Wages and Social Security. The new Wage code will also take care of benefits and better governance of the unstructured workforce thereby fostering collaborative and resilient business environment as we moved towards a GDP of USD 5 trillion.”
From the industry perspective, the expectations would be to initiate steps towards simplification of labour laws, digitalization of compliances and enhanced transparency in licensing and registration processes. From an individual’s perspective, the expectations would include lesser complexity in direct tax slab rates, eliminate surcharge & cess, increase in the sec. 80 C limits, higher housing loan interest benefit under sec. 24 and exclusion of housing loan principal, stamp duty and registration expenses from sec. 80C to an independent benefit section. It would also be a positive move if the Budget announces some additional benefits or concessions to tax payers.
11.Sri Charan Lakkaraju, Founder & CEO, Student Tribe
“India’s education ecosystem stands at a critical juncture, with an unprecedented opportunity to empower the nation’s youth for success in a rapidly evolving global economy. With Gen Z comprising 377 million individuals and already influencing $860 billion in consumer spending, the country is poised to experience significant demographic and economic shifts. As the workforce grows and 78 million new job opportunities are projected by 2030, it becomes increasingly important to focus on upskilling students and preparing them for emerging roles. In the next decade, every second Gen Z individual will enter the workforce, with their economic impact expected to exceed $2 trillion in consumer spending. To harness this potential, there is a need for deeper industry-academia collaborations and specialized programs in high-demand fields such as AI, digital technologies, and renewable energy.
We remain optimistic that the forthcoming budget will prioritise investments in higher education and vocational training, aligning educational outcomes with global workforce requirements. The success of the PM Internship Scheme highlights the growing demand for hands-on, real-world experience, and we anticipate further expansion of such opportunities. As Gen Z continues to shape consumer behaviour across industries, it is crucial to ensure that the education system evolves to meet their expectations and future needs. Additionally, the emphasis on greater access to quality education, mental health support within schools, and enhanced digital infrastructure for hybrid learning will be key to creating a more inclusive education ecosystem. By balancing academic rigour with practical skills development, the 2025 budget can foster innovation, nurture talent, and position India’s next generation of leaders for success on the global stage”.
