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Expects increased focus on renewable energy

Expects increased focus on renewable energy

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Anil Gupta,
Chairman cum Managing Director,
KEI Industries Ltd.

“The power sector has seen phenomenal growth achieving the electrification of almost 96% of households in the last 5 years. This large growth in the sector can be attributed to the infrastructure boom in India creating more avenues for companies like ours. However, what we expect from this budget is increased focus on renewable energy. With the roadmap to achieve 175 GW capacity in renewable energy by 2022 including 100 GW of solar power, small tax rebates, better rate of interests along with reduction in corporate tax rate by the government will help us achieve this target. In addition to this, increased investment in infrastructure projects in Power transmission and distribution, Railways, Metro Rail, Highways will further boost the demand.

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