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Budget 2023-24 reaffirms government’s focus on domestic solar and battery manufacturing, green hydrogen

2023-03-28 10:00

The Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman presents the Union Budget 2023-24 to the President, Smt. Droupadi Murmu at Rashtrapati Bhavan, in New Delhi on February 01, 2023.


The budget signifies the government’s intent to drive domestic manufacturing of lithium battery cells as it waives customs duty on the import of machinery required for manufacturing these cells. It also continues with nil customs duty on critical inputs for solar manufacturing. The budget also aims to support large-scale battery storage projects through viability gap funding.


From pv magazine

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