Mr. Anand Kabra, Vice Chairman and MD, Kabra Extrusiontechnik Limited.

 

“As we approach the upcoming budget, we anticipate strategic measures to enhance India’s manufacturing competitiveness, particularly in the energy storage sector. With the Government’s renewed focus on renewable energy and recent tenders for energy storage solutions, we expect continued support through Production Linked Incentive (PLI) schemes for Battery Energy Storage Systems (BESS) manufacturers. This support should extend to technology investments, which are crucial for advancing our capabilities in this rapidly evolving sector.

Given the recalibration of EV subsidies, we anticipate a more comprehensive policy framework focusing on sustainable transportation solutions, particularly in the battery swapping infrastructure domain. This shift could potentially accelerate the adoption of shared mobility solutions, creating a more sustainable and efficient transportation ecosystem.

Furthermore, we look forward to enhanced government spending in infrastructure development, which will be crucial for maintaining growth momentum in core sectors, including the piping industry. This investment in infrastructure will not only boost immediate economic growth but also lay the foundation for long-term industrial development.”