Post-budget reaction quote by Mr Akshay Kashyap, MD, Greenfuel Energy Solutions Pvt Ltd
“It is heartening to find ‘Green Growth’ among the seven focus areas of the budget 2023-24. The government’s intention to reduce the carbon intensity of the economy and promote green fuel, green energy and green mobility among other practices is commendable.
The allocation of 35000 Crore towards achieving Net-Zero goals is a step in the right direction. It will help in getting the viability gap funding for battery storage. With the outlay of 19700 Crores for Green Hydrogen the nation can meet the target of reaching 5 metric million tonnes production by 2030. Further the introduction of green credit programme would encourage businesses to become responsible and sustainable. The customs benefit extended to CNG and the continued exemption on Li-ion battery manufacturing would give a boost to the green mobility sector.
We at Greenfuel are aligned with the government’s endeavour of ‘Green Growth’ and would continue to provide green mobility and green energy solutions to help the nation reduce its carbon footprint and achieve the Net-Zero goal.” – Mr Akshay Kashyap, MD, Greenfuel Energy Solutions Pvt Ltd.