Budget 2018: ‘The budget this year was extremely balanced’

‘The budget this year was extremely balanced, and restored our belief in the Government for ensuring continues growth of Indian manufacturing sector. Coupled with the sentiments on the provisions for boosting solar presence in the country, we are moving towards an expedited growth in the renewable energy sector, especially for domestic manufacturers. We are looking forward to play a role in helping the country move towards a sustainable future of renewable energy security. Especially, with the smart city initiative embracing rooftop solar, we at Waaree Energies are ready to deliver. Moreover, with the elimination of customs duty on solar tempered glass, manufacturing solar panels will become relatively cheaper. Being a leading energy company, we are also looking forward to help the Government fulfill its ambitious goal of providing free electricity to 4 crore rural households, in addition to creating more employment opportunities as part of the Indian manufacturing sector. We also applaud the Government for coming in acknowledging the role of MSMEs with the announcement of the reduced rate of 25% for companies with a turnover of up to INR 250 crore in 2016 – 2017. We hope this results in increase of skill development, and adaptation of new technologies and innovations across industries.’