Mr Nandan Kundetkar, CSO (Chief Scientific Officer) of Femto Green Hydrogen Ltd
“The Government’s impetus to the private sector to create sustainable and innovative business models for battery and energy as a service will create enormous innovative opportunities in the Electric Vehicles ecosystem. Particularly, on the energy front, more options such as the green hydrogen and the EV sector will come into vogue, which will improve efficiencies and entail more investments into the sector. Currently, green hydrogen production is only five percent worldwide and the same should increase gradually.
In the EV sector, more options such as quick charging, charging stations for the home segment, decarbonised public charging booths and its application in the EV segment would boost the prospective investment into the sector. The focus should be more on reducing the distributed road-carbon-emission caused by the normal fossil fuel-based vehicles. But in the pursuit, the EV sector should not become a satellite centre for carbon emission. But, on a positive note, the introduction of the new battery swapping policy will increase the use of electric vehicles and achieve broader decarbonisation goals. It is a big step for EV adoption in line with India’s net zero-emission goals by 2070.
Further, energy transition initiatives and focus on reducing carbon footprint by enhanced funding will create space for technologies like green hydrogen, as it is directly related to climate change actions. The issuance of green bonds to bring investment into the sector speaks about the Government’s resolve towards developing a low carbon strategy. It also added the inclusion of energy storage in the Harmonised List of Infrastructure will facilitate quick and cheaper finance to electric vehicle (EV) battery makers.”
Prithipal Singh – Director & Head Business Development, Aequitas Investment Consultancy Private Limited
The budget is forward-looking and one that is focused on propelling the Indian economy forward post-COVID. With its focus on Capex, an increase of 37% over last year and infrastructure development ( PLI for Solar and defence manufacturing added to the earlier 13 sectors) its addressing the twin needs of the Indian economy that of Generation of employment across sectors and debottlenecking through the creation of better networks – whether physical or digital.
The Govt has also kept a keen eye on the Fiscal deficit which has been budgeted at 6.4%, down from 6.9% this year – this too is in line with the enhanced Fiscal deficit limits that the house passed last year due to COVID. The higher number will surely help revive the economy.
Focus on PM AWAS yojana helping generate employment as also creating housing for the lower end of the economic strata.
Mr Akhil Gupta – Head of Technology/CTO, Faballey
The amount of focus technology has received in this budget is truly a wonderful and welcome step towards a great future. The introduction of the digital Rupee based on blockchain will give a tremendous boost to the whole cryptocurrency and blockchain ecosystem by providing legitimacy and formal acceptance. Blockchain, which can be used to solve innumerable problems, will now be explored with a lot more trust by many Indians who were still hesitant in doing this. Considering that this domain is still very new, providing Indian industries and startups with this kind of encouragement would really help India in becoming a world leader in new-age tech. The transition from Potli to Tablet in the hands of the financial minister is a sure sign of a great future in the digital space.
