The emphasis of Budget 2022 on promoting a circular economy is a welcome step. The Government is focused on encouraging domestic manufacturing of the solar modules and an overall increase in RE capacity. An upward revision of funds for the product linked incentive (PLI) scheme is a positive initiative.
A clarification with respect to the implementation of the scheme, considering that the bucket filling criteria stands altered from? 4,500 crore to? 19500 crore, would be instrumental so far as re-participation of bidders and clearing of waiting list is concerned. The Government ought to ensure maximum participation. In addition, domestic manufacturing of other equipment like glass, cable, batteries etc. must also be fostered.
Please click here to read the full article by Poonam Verma and Gayatri Aryan, published in Realty+.
Poonam has been actively involved in the disputes and corporate practice of the firm with primary focus in the Energy and Transportation Sector. For over a decade with the firm, Poonam has specialized in Power and Aviation Sectors.