VMPL

New Delhi [India], February 3: Shyam Sunder Jindal, Promoter of BC Jindal Group, has applauded the Union Budget 2026 for its strong focus on boosting domestic manufacturing for India's clean energy ambitions.

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Sharing his views on the announcements, Shyam Sunder Jindal said, "In the Budget 2026, it is encouraging to note the Government's focus on domestic manufacturing of lithium-ion batteries and solar glass to augment India's goal of installing 500 GW of non-fossil energy capacity by 2030. Extending the exemption from basic customs duty on capital goods used for manufacturing lithium-ion cells for battery energy storage systems, and on sodium antimonate used in solar glass, are welcome steps. This move is poised to play a constructive role in building a power sector that is capable of seamlessly catering to India's growing energy needs while supporting the country's clean energy transition."

India marked a record-breaking year in its clean energy journey in 2025, with non-fossil fuel installed capacity rising to 266.78 GW, reflecting a 22.6 per cent increase. With the addition of over 49 GW of new non-fossil capacity, India continues to see rapid growth in renewable capacity. Thus, an emphasis on local manufacturing will complement the country's expanding solar and storage infrastructure.

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Founded in 1952, the BC Jindal Group, led by Shyam Sunder Jindal, has steadily expanded its presence across sectors such as packaging films, energy and steel products.

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