Srinivas Suthram, Senior Vice President at Kshema Power India, said that as India’s renewable energy transition gains pace, the Union Budget has an important role to play in accelerating deployment across solar and wind power. He noted that continued government support for solar and EPC-led infrastructure projects is essential to sustain capacity additions and strengthen execution on the ground.
Budget 2026 Expectations LIVE: FMCG Firms Push for Consumption-Boosting Tax Measures Amid Tight Fiscal Space
FMCG firms are seeking Budget 2026 measures such as GST rationalisation and tax relief to revive and sustain consumer demand. However, experts caution that limited fiscal space may restrict the government’s ability to offer broad consumption-boosting incentives. The sector is closely watching whether the Budget can balance demand support with fiscal discipline
Union Finance Minister Nirmala Sitharaman
The Union Budget for FY27 will be presented on Sunday, February 1, by Union Minister of Finance and Corporate Affairs Nirmala Sitharaman. Budget 2026 will mark Sitharaman’s ninth consecutive Budget, second only to Morarji Desai, who presented 10 budgets. The Economic Survey will be presented by Chief Economic Advisor Anantha Nageswaran prior to the Budget. The parliamentary session for the Budget will commence on January 28 and continue until April 2.
LIVE UPDATES
Budget 2026 Expectations: Renewable Energy Industry Seeks Policy Stability, Duty Rationalisation to Boost Solar & Wind
Advertisement
Suthram also emphasised the need for clear and consistent policies on land availability and grid connectivity to revive momentum in the wind sector and encourage long-term investments. He added that a calibrated rationalisation of import duties on critical renewable components, including key equipment used in power evacuation and substations, would help reduce project costs, ease supply-chain challenges and improve overall project viability while domestic manufacturing scales up.
Budget 2026 Expectations LIVE: Agri-Tech Industry Pushes for Innovation, Exports and Digitisation Support
Agri-tech leaders want Budget 2026 to shift focus from traditional production to an innovation- and market-oriented agricultural model. They are calling for stronger export infrastructure, quality systems and cold chains to boost competitiveness and farmer incomes. The industry also seeks greater digitisation, tailored rural credit and higher investment in R&D to drive farm-level impact and adoption of technology.
Advertisement
Budget 2026 Expectations LIVE: Recycling Industry Seeks GST Relief, Stronger EPR Rules to Boost Sustainable Plastics
Sushil Kumar Aggarwal, Chairman of AVRO India and National President of AIPMFMA, said India’s formal recycling sector is constrained by outdated policies, noting that “high GST on plastic waste, scrap and recycling machinery makes compliant recycling financially uncompetitive.” He said the Budget should “zero-rate GST on plastic waste and recycling equipment and lower GST on recycled plastic granules” to speed up the shift from virgin plastics.
Aggarwal added that “EPR cannot work unless it is clear, stable and fully traceable,” and called for stronger guidelines, along with “a dedicated technology upgradation fund and targeted subsidies” to help recyclers invest, improve efficiency and meet global standards.