APT Translations

In her Budget speech on Tuesday, Finance Minister Nirmala Sitharaman announced a slew of measures for sectors, including infrastructure, manufacturing, healthcare, education, startups, and green energy, among others.

The loan will help state-controlled DEPA finance more than two-thirds of planned investment worth about 500 million euros in new solar plants in the next four years, DEPA said in a statement late on Tuesday.

Arun Gupta, President of the Jammu Chamber of Commerce and Industries (JCCI), said the Budget addresses multiple sectors including farming, women empowerment, youth development, skills enhancement, and industrial growth.

"In line with this, investments are prioritised in areas like dedicated freight corridors, high-speed rail, modern passenger services like Vande Bharat, Amrit Bharat Express, Aastha Special Trains, high-capacity rolling stock and last-mile rail linkages," the Survey said.

The company's revenues also rose to Rs 2,016 crore from Rs 1,348 crore in the year-ago quarter. "Our largest-ever order book of 3.8 GW gives us great visibility for the future," Suzlon Group Vice Chairman Girish Tanti said.

The projects, overseen by the state electricity distribution company, Paschim Gujarat Vij Co. Ltd. (PGVCL), are set to be distributed across 27 different locations.

The Budget 2024 this year focussed on boosting India’s green growth, announcing a bouquet of schemes and incentives to facilitate faster energy transition, Finance Minister Nirmala Sitharaman in her speech did focus on rooftop solarisation to ensure free electricity to households.

According to Aniruddh Agrawal, Business Development Manager at Airox Nigen Equipments, a Gujarat-based green hydrogen technology company, the allocation is a significant increase from last year’s allocation.

Vikram Solar CMD Gyanesh Chaudhary said, "The Budget is a catalyst for the growth of the Indian solar industry, empowering millions of households with access to affordable and clean electricity."

"The budget will empower every section of society and take poor farmers on the path to prosperity," Modi said, emphasizing its reach and impact on the nation's 25 crore people previously elevated from poverty.