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Below the Quote on Post-Budget 2026 Reaction  by Mr. Jitendra Agrawal, COO – Renewable Equipment Manufacturing Business (REM), ACME Group

"The latest Union Budget sends a strong and timely signal for domestic manufacturing, particularly in renewable equipment and clean energy supply chains. Higher public capital expenditure, coupled with targeted customs duty exemptions for battery energy storage systems and solar glass inputs, will significantly strengthen India’s manufacturing competitiveness. The emphasis on energy security, critical mineral processing, infrastructure-led growth, and ease of doing business also creates the right foundation for scale, technology adoption, and localization. For renewable equipment manufacturers, this policy clarity will encourage long-term investments, resilient supply chains, and accelerated capacity expansion, supporting India’s transition toward a self-reliant, sustainable, and globally integrated clean energy manufacturing ecosystem.

Unlike last year, which saw some big announcements in the budget, the latest edition is more about finding stability. Focusing on maintaining a steady growth momentum and a strict fiscal discipline will go a long way in pushing towards our goal of becoming a developed economy by 2047".

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