regarding serious challenges facing by the Energy Storage Industry and our expectations for this year's Union Budget. Few expectations from Budget 2020 mentioned in the enclosed letter are listed below
- GST Reduction for batteries: Suggested range of 5 to 10%.
- Allocation of funds for subsidy for NITI Aayog's Giga Factory manufacturing plan.
- Allocation of Government funds for R&D Initiatives in India.
- Government Tax benefits for solar plus storage projects.