Union Budget 2025: E-India push to loosen Chinese grip on cleantech

Quick Summary:

Finance minister Nirmala Sitharaman announced a manufacturing mission to develop a domestic cleantech ecosystem and reduce reliance on China's supply chain.

The Budget also waived customs duty on critical minerals and increased the renewable energy ministry's allocation by 53% to boost support for clean energy components.

The Budget also raised the 2025-26 allocation for renewable energy ministry by 53% to Rs 26,549 crore from Rs 17,298 crore revised estimate for the current fiscal.

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Article Details

Author / Journalist: Team TOI

Category: EconomyBusiness

Markets: IndiaChina

Topics: National Critical Mineral Mission Business news Domestic cleantech ecosystem India cleantech manufacturing Nirmala Sitharaman Budget news Battery manufacturing in India

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-02 @ 05:49:14 (14 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 464 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 25702963

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