By Mr. Amit Jain, CEO & Country Manager India, MD Renewables & Batteries India & South-East Asia.
The GST Council’s decision to reduce the GST rate on renewable energy equipment to 5% marks a significant step forward in India’s clean energy journey. As a global energy utility committed to accelerating the energy transition, ENGIE India welcomes this policy shift.
With 2.3 GW of renewable capacity and ambitious plans to scale further, ENGIE remains deeply committed to supporting India’s target of 500 GW of renewables and achieving a carbon-neutral future. This progressive move will not only encourage renewable energy players in India by strengthening liquidity across the renewable value chain but also fast-track the execution of green projects. This decision will also potentially help in attracting greater investments in clean technologies and bolster India’s competitiveness in renewable energy and reinforce the country’s leadership in the global energy transition.