Union Budget 2022: Solar PLI scheme corpus grows over five times to Rs 19,500 crore

Mr. Nikunj Ghodawat, CFO, CleanMax, on Budget 2022, says – It’s a reasonably balanced budget not influenced by the upcoming Elections. The Higher allocation for government capex is a good news. While high level emphasis on clean energy was very encouraging but no major announcement, except the PLI scheme which benefits only solar manufacturers and nothing much for Renewable energy developers. Direction for simplifying tax litigation is a good sign, though need to see it’s fine print and how it gets implemented. Also, there was no major change in direct tax.