India Focuses on Self-Reliance in Cleantech, Nuclear

India is pushing for self-reliance in the cleantech and nuclear energy sectors as highlighted in Finance Minister Nirmala Sitharaman's Budget speech, which announced initiatives to develop domestic capabilities in solar PV cells, EV batteries, and nuclear reactors, reducing reliance on Chinese supply chains. To support these initiatives, the budget waives customs duty on critical minerals, promoting their availability for strategic sectors. Meanwhile, India is facing challenges in meeting its ambitious renewable energy targets, requiring significant investment for future expansion. Despite a recent economic slowdown, India aims to attract foreign investments to bolster its renewable energy capacity and fossil fuel extraction. This shift underscores India's commitment to enhancing its energy independence and meeting its renewable energy goals.