In Short : Mr. Amit Jain, CEO of ENGIE India, has praised possible GST reforms on renewable energy devices and emphasized how tax simplification can hasten the uptake of solar energy, solar panels, and other clean technologies.
Encouraging Innovation and Strategic Growth
Reducing GST on solar light systems, inverters, and storage devices, according to Jain, will promote a larger installation of solar systems, advancing sustainable development and India’s clean energy objectives.
Maintaining Equity While Developing Technological Capabilities
The reforms would benefit industries and make rooftop solar more affordable for households by reducing upfront costs. As investors monitor the expansion of renewable projects, this may have a positive impact on market sentiment regarding the share prices of Solar Industries and SW Solar.
Impact and Significance of Clean Energy
The action is in line with India’s goal of decreasing its reliance on non-renewable resources while increasing the proportion of renewable resources in its energy mix. The industrial-scale adoption of solar panels and grid-integrated projects would also be accelerated by a more advantageous tax structure.
About ENGIE
ENGIE is a prominent player in India’s wind and solar energy projects and a global leader in the energy transition. In order to guarantee that reforms directly support India’s long-term renewable energy roadmap, the company keeps pushing for policies that strike a balance between sustainability and economic growth.
