India’s energy transition push continues with Nuclear Energy Mission, clean tech manufacturing
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1 month, 3 weeks ago

India’s energy transition push continues with Nuclear Energy Mission, clean tech manufacturing

Live Mint  

The union budget for FY26 continued with the government's emphasis on energy transition announcing a Nuclear Energy Mission with an outlay of ₹20,000 crore for research and development of small modular reactors. Finance minister Nirmala Sitharaman, while presenting the budget, also announced measures to boost the manufacturing of components in the green energy space and support power transmission infrastructure, which is key to India's green energy goals. Naveen Khandelwal, CEO of BrightNight India, said, "A sharper focus on domestic supply chains, critical minerals, and clean tech manufacturing—solar PV, EV batteries, and electrolysers—underscores a clear intent to be Atmanirbhar amid rising geopolitical uncertainties while leveraging comparative advantages.” Furthering the transition agenda, the minister announced exempting 35 capital goods for EV battery manufacturing from basic customs duty, which would accelerate battery manufacturing in the country and lower the country's dependence on Chinese supplies. Mineral tailings refer to the leftover waste after extracting minerals from ore. Critical minerals like lithium are key raw materials in the manufacturing of batteries and other energy transition components like solar modules.

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