Union Budget 2022 Expectation: Akshay Singhal, Founder, Log 9 materials

Dr. Akshay Singhal, Founder, Log 9 materials expects FAME Subsidy corpus to be extended to EV retro fitment kits.

Sharing his expectations from the budget 2022 said “In the upcoming Union Budget, from the EV ecosystem perspective, we hope to see that the  FAME Subsidy corpus should be extended to EV retro fitment kits.”

He added, “Additionally, more R&D incentives should be given for energy storage and EV technology-related developments in India, as well as R&D investments made into local technology developments, which should be made 100% adjustable against corporate taxes.

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