“The Union Budget 2023-24 builds a strong foundation for the future with a focus on clean energy in India. It reflects the government’s continued push towards sustainable growth and energy transition. The target for green hydrogen production, viability funding for 4000 MWh battery storage energy system and the renewable energy evacuation plan for the union territory of Ladakh clearly demonstrates this intent to incentivise energy transition. The plan for setting up 200 compressed bio-gas plants and 300 community and cluster based biogas plants, also demonstrates its willingness to look at all opportunities for building a sustainable ecosystem. Additionally, the centres of excellence for research and the government’s firm determination to lead the way in new technologies like AI/ ML is also crucial for India to climb up in the global innovation ladder and build its future using new technologies. ”

– Mr. Raghunath K – Country Representative, thyssenkrupp India