Thursday, July 10, 2014: As expected, the solar power domain has received the much-deserved attention in the Union Budget 2014, tabled by Indian Finance Minister, Arun Jaitley.
Highlighting the importance of solar power, Jaitley said that the government has set aside a sum of Rs 5,000 million for solar power. While presenting the budget before the Parliament, Jaitley said, “We will take up solar power projects in Rajasthan, Ladakh. We require additional 15,000 km of gas pipelines under PPP.”
“We will resolve existing impasse in the coal sector. We also aim to unlock dead investments in coal, power sectors,” the minister added.
Jaitley also emphasised on the importance of manufacturing sector in the country. He said, “We plan to establish 7 industrial cities in India.”
“Our domestic manufacturing is still at nascent stage,” he said. “Manufacturing units will be allowed to sell their products through retail and e-commerce,” Jaitley said. “We need to revive growth in manufacturing,” Jaitley added.
