Mr. Venkatesh R., Managing Director at Wärtsilä India, says, “The government’s proactive measures in this year’s budget, particularly the support for renewable energy projects and the promotion of green hydrogen, represent a significant step forward in India’s energy transition. The focus on domestic manufacturing and grid modernization will not only enhance energy security, but also create a robust ecosystem for sustainable growth. Additionally, the tax incentives for renewable energy will drive further investment, accelerating the shift to clean energy solutions. In the marine sector, the establishment of the Maritime Development Fund and the extension of import tax incentives for shipbuilding reflect the government’s commitment to strengthening the country’s maritime infrastructure. These initiatives will boost local shipbuilding and repair capabilities, encourage cruise tourism, and propel the rank of India in global shipbuilding and ship tonnage.
Wärtsilä is committed to supporting these efforts and driving innovation in both the energy and marine sectors for a sustainable future.”
