Lok Sabha Election 2019 result: here is what Renewable energy industry expects from BJP

PM Modi BJP stunned the Opposition and the country with a historic landslide victory in Lok Sabha elections 2019. As country voted for a majority government for yet another term, the energy industry which witnessed a major boost during the first 5 year tenure of the government has come forward to congratulate the PM on the major victory and have shared their expectations . The energy Industry recently faced turbulence because of the policies and duties. The Renewable energy industry expects the government to continue with a sharp focus on policy stability to spur growth, gaining from the likely continuity in administration, here is what they say:-

Tulsi Tanti, Founder, Chairman and Managing Director, -“Congratulations to on winning a second term. The entire country has reposed its faith in the governance and strong leadership of Mr Modi. We look forward to NAMO 2.0  government deliver on its promises by spearheading the growth of agriculture sector, social sector and industry with dynamic policy changes which will fuel overall economic growth, energy security, Nation building and job creation. We are confident that the Modi government will ensure ease of living, ease of doing business, and make India clean, green and a safe country.” – 

Sunil Rathi, Director, Waaree Energies Ltd -“We look forward to the newly elected Government’s solar implementation policies and are confident that energy will be a key dimension in their vision as projected in the Interim Budget. While we have seen some movement in the last year, with the implementation of Safeguard Duty, de-linked manufacturing tender and KUSUM scheme being introduced, we expect the Government to continue their support with primary focus on domestic manufacturers. As the Safeguard Duty, which brought about interim relief in the industry, is expected to expire within the year, we believe that the much anticipated Anti-Dumping Duty on is need of the hour. The KUSUM scheme has already seen tremendous success with the installations of over 30 million agricultural pumps and over 20 million grid connected water pumps.

Taking cue from the recent developments, we believe that the the primary focus would be on reducing the import of solar equipment from foreign countries such as Thailand, China and Vietnam, thus strengthening Rupee denomination and contributing to the nation’s GDP. Moreover, key focus on the adoption of solar solutions by the transport sector, specifically Electric Vehicles, is expected to yield results. With technological evolution leading the sustainable efforts of the country, we are confident that when implemented, the Govt. will help attain energy security and generate employment. 

Keeping the solar vision in mind, Waaree has multiple projects in the pipeline in the EV and EPC space, that is expected to achieve economies of scale, with adequate Govt. policy support. With substantial supporting domestic trade and services, and with the focus on Public Sector Undertakings sourcing from local entities, we foresee an impetus towards growth for domestic manufacturers in the sector.”

Dr Kushant Uppal, Founder and MD, Intelizon-The country has a chance to become a global leader in the industry if the tendering process promotes quality and innovation rather than the L1 matching aka lowest price mindset-

 Abhijeet ,Director, Radite Energy -My heartiest congratulations to BJP to this grand win!!! I am very much positive that Modi Government as always will be dedicated and firm on building nation which will have long and sustainable results and the focus on energy will increase.

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