How Niveshaay’s Green Energy smallcase is benefitting from Union Budget policies
In Budget 2023, the Government has continued its focus on renewable and sustainable energy. Our Green Energy portfolio is well placed with Companies which are going to benefit from the monumental transitions happening in the energy and renewable sector.
Let’s see how GREEN is the Union Budget 2023-24
One of the 7 priorities according to the Government which will guide us to Amrit Kaal is “Green Growth”.
Union Finance Minister Nirmala Sitharaman in her Budget speech said, “We are implementing many programmes for green fuel, green energy, green farming, green mobility, green buildings, and green equipment, and policies for efficient use of energy across various economic sectors.”
“These green growth efforts help in reducing carbon intensity of the economy and provides for large-scale green job opportunities.”
4 Major Budget Allocations that will accelerate India’s transition to Green Energy
TAXATION AMENDMENTS FAVOURING GREEN GROWTH
- Exemptions on excise duty on GST-paid compressed biogas contained in it to avoid cascading of taxes on blended CNG.
- Customs duty exemption is being extended to import of capital goods and machinery required for manufacture of lithium-ion cells for batteries used in electric vehicles.
- Concessional duty on lithium-ion cells for batteries to be continued for another year.
- Customs duty exemption on denatured ethyl alcohol. This will also support the Ethanol Blending Programme.
Why are we Bullish on Green Energy smallcase?
Energy transition along with building renewable energy infrastructure remains to be the focus area of the government. These announcements add to our confidence for the strong shift toward Green Energy.
Our Green Energy portfolio is well placed with Companies which are going to benefit from the monumental transitions happening in the energy and renewable sector.
Who should invest in this smallcase?
This smallcase is best suited for investors with a high-risk appetite investing into this thematic portfolio. Investors should have a long-term investment horizon and can hold on to their investments in the Green Energy smallcase over the next 3 to 5 years.