What the industry wants from Budget 2025?

​In the article “What the Industry Wants from Budget 2025” on Thought Habitat, Piyush Goyal, CEO of Volks Energie, emphasizes the necessity for government support in advancing India’s renewable energy sector. He advocates for increased subsidies and tax incentives for Battery Energy Storage Systems (BESS) to ensure grid stability amid the nation’s transition to renewable energy sources. Goyal also highlights the importance of fostering innovation in battery technologies, such as lithium iron phosphate (LFP) and nickel-cadmium (Ni-Cd), to support long-term sustainability in the renewable sector. These recommendations align with India’s ambitious goals of achieving net-zero emissions by 2070 and generating 500 GW of non-fossil fuel