By Mr. Keyur Shah, Chairman and Managing Director, Yash Highvoltage Limited, sharing his perspective on expectations from the Union Budget for India’s power and energy sector.
Mr. Keyur Shah, Chairman & Managing Director, Yash Highvoltage Limited mentions, “The Indian power sector delivered a record performance in 2025 by meeting peak demand, expanding capacity and sharply reducing shortages. As we look ahead, the Union Budget should sustain the momentum through continued capital expenditure, with FY27 outlays in the ₹12–13 lakh crore range, while remaining committed to fiscal consolidation.
Infrastructure-led growth will remain pivotal, and higher allocations to the power sector can further strengthen access to reliable and affordable electricity. At the same time, accelerated investments in renewable energy, smart grids, energy storage and green hydrogen are essential to meet rising demand and future-proof the sector. Extending PLI-type incentives to niche power equipment manufacturers, including MSMEs, along with a rationalised indirect tax and customs framework, will enhance domestic competitiveness and help build a resilient, globally competitive power ecosystem. These measures will be key to strengthening domestic manufacturing and positioning India as a global hub for advanced power equipment.”
