PFC Supports India's Green Vision Aligned with Budget 2025
This perfectly matches with PFC's vision of sustainable development owing to the nation’s alignment towards PFC’s strategic priorities.
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New Delhi, 4 February 2025: Power Finance Corporation (PFC) has expressed its unwavering support to the 2025 Budget, which has given special emphasis on green energy and infrastructure upgrades. This perfectly matches with PFC's vision of sustainable development owing to the nation’s alignment towards PFC’s strategic priorities.
The Budget’s emphasis on renewables, adoption of electric vehicles (EVs), and investments in green technology is in direct alignment with PFC’s plan to finance energy transition projects. Such initiatives are crucial in aiding the journey of India towards greater sustainability.
PFC will continue its commitment to fund various clean energy projects, actively aiding the nation to reduce carbon emissions and support environmental sustainability. This partnership between PFC and the government is an important collaboration for India in meeting its ambitious climate goals.
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Strong Focus on Clean Energy, Solar Power, EVs, and Green Tech Investments
• Incentives for clean tech manufacturing to boost India's renewable energy capabilities and tech innovations.
• Focus on National Green Hydrogen Mission to establish India as a leader in hydrogen production for clean energy.
• Promotion of wind energy through targeted policies for further scaling up renewable capacity.
• Support for EV (electric vehicle) infrastructure to create an integrated, sustainable transportation network.
• Tax benefits and regulatory support for companies involved in clean energy and sustainability initiatives.
• Strengthened financial health of power distribution companies (discoms) through better infrastructure and
smart metering.
• Boost to electric vehicle adoption with duty exemptions for critical minerals and capital goods.
• Key minerals for energy transition (e.g., lithium, cobalt) are given preferential customs treatment to ensure uninterrupted supply for energy storage and EV manufacturing.