Budget 2022 – Some great sustainability measures and policies but falls short of ambition - Chirag Mehta, Quantum AMC
By Chirag Mehta - Senior Fund Manager - Alternative Investments, Quantum AMC
Measures like Single window green clearances to sources of funding that now includes Green bonds, Blended finance were necessary to channelise sustainable capital in India. Battery swapping could provide EV the big push with right policies and execution. PLI incentives for solar module manufacturing will help reduce our reliance on imports and circular economy initiatives will provide the regulatory push for much needed implementation.
However, the government seems to be doing some heavy lifting which may not be enough. Private sector needs to be brought in to make the desirable changes towards the ambitious cleaner, greener India. To name a few, Incentives to corporates to increase their share of renewable energy, CSR investments channelised towards sustainability initiatives, incentives for technology and investments towards sustainability seem to be missing.
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