Avantika Gupta, CEO, OPG Power Ventures

“The Government has presented a pragmatic roadmap that builds a robust foundation for a ‘Viksit Bharat 2047’ while also deploying stringent guardrails to ensure a low carbon output.

The emphasis on fortifying India’s energy security while also realizing committed decarbonization goals, shall accelerate India’s sustainable growth paradigm in the decades to come.

Focus on innovation, and strengthening domestic manufacturing in critical areas such as grid-scale batteries, electrolyzers, solar cells, wind turbines, and nuclear power will be instrumental in shaping India’s energy future. The establishment of five National Centres for Excellence in Skilling, incentives for electricity distribution reforms, and strategic amendments to the Atomic Energy Act will further enable a robust, self-reliant energy ecosystem.

By incentivizing states to drive reforms and expanding intrastate transmission capacity, we are moving toward a stronger, more efficient power sector. The additional borrowing allowance for states committed to these reforms reflects the government’s dedication to long-term stability and sustainability. These measures shall strengthen the financial health of power companies and pave the way for a resilient energy infrastructure that supports economic growth and industrial expansion across the country.

The launch of the Nuclear Energy Mission, with a ₹20,000 crore outlay for Small Modular Reactors, and the vision to develop 100 GW of nuclear power by 2047, marks a transformative step towards a clean energy transition. Additionally, the exemption of critical minerals like cobalt, lithium-ion battery waste, and zinc from basic customs duty will enhance domestic supply chains and accelerate India’s energy security.”