‘Vital reforms predicted in Clean Energy industry in India,’ says Renon India co-founder

“With India’s intention to achieve the Zero carbon emissions target by 2070, the government policies will play a vital role in the reformation of the sector. The Union Budget ‘2023 is predicted to introduce vital reforms that will contribute to the progression of the Clean Energy industry in India. It is predicted that by 2030, India would need to invest $10 billion to increase cell production and refine raw materials to meet domestic demand for lithium-ion batteries for electric vehicles. The reduction of the import tax on lithium-ion batteries is one of the vital demands that the industry expects to be honoured in the upcoming budget. The Li-ion battery manufacturers are requesting a well-defined recycling policy and the implementation of rebates for R&D (Research & Development)