What Will India's Energy Sector Get From Budget 2024? Check Top Expectations - News18
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Union Budget 2024: The energy sector in India has a range of expectations from the Budget 2024. These expectations stem from the need to address various challenges and opportunities in the industry, including the push for renewable energy, energy security, infrastructure development, and regulatory reforms. Ahead of the Union Budget 2024-25, key industry leaders emphasise the need for strong governmental actions to promote cleaner energy and sustainable growth. Suyash Gupta, Director General of the Indian Auto LPG Coalition, highlights the environmental and economic benefits of Auto LPG, urging the government to reduce GST on Auto LPG from 18% to 5%. He believes this change, alongside incentives for OEMs to produce more LPG vehicles, will encourage wider adoption, offering a practical and cost-effective alternative to traditional fuels. Alessandro Des Dorides, CEO of Nayara Energy, stresses the importance of prioritising energy security by encouraging investments in refini...