The India DePIN Report - Flipbook - Page 29
From Energy Importer to Manufacturing Powerhouse
India's Journey to Clean Energy Through the Union Budgets
2022
Solar
Wind
2023
Funding for
domestic solar
equipment makers
2024
Subsidies for
rooftop solar
installations
Investment for
building
transmission grid
2025
Continued support
for solar
manufacturing
sector
Financial backing
for offshore wind
projects
Nuclear
R&D funding for
small modular
reactors (SMR)
Support for SMR
development and
100 GW nuclear
target by 2047
Energy Storage
Investment in
pumped storage
projects
Grid-scale battery
production under
National
Manufacturing
Mission
Critical Minerals
100% customs duty
exemption for 25
critical minerals
Customs duty
waiver extended to
additional critical
minerals
Support for small
industries' green
transition
Investment in
electrolyser
manufacturing
Industrial
decarbonisation
Funding for green
hydrogen
production
The India x DePIN Report
Energy Trading
29
