February
3, 2026 : Shyam Sunder Jindal, Promoter of BC Jindal
Group, has applauded the Union Budget 2026 for its strong focus on boosting
domestic manufacturing for India’s clean energy ambitions.

Sharing
his views on the announcements, Shyam Sunder Jindal
said, “In the Budget 2026, it is encouraging to note the Government’s focus on
domestic manufacturing of lithium-ion batteries and solar glass to augment
India’s goal of installing 500 GW of non-fossil energy capacity by 2030.
Extending the exemption from basic customs duty on capital goods used for
manufacturing lithium-ion cells for battery energy storage systems, and on
sodium antimonate used in solar glass, are welcome steps. This move is poised
to play a constructive role in building a power sector that is capable of
seamlessly catering to India’s growing energy needs while supporting the
country’s clean energy transition.”

India
marked a record-breaking year in its clean energy journey in 2025, with
non-fossil fuel installed capacity rising to 266.78 GW, reflecting a 22.6 per
cent increase. With the addition of over 49 GW of new non-fossil capacity,
India continues to see rapid growth in renewable capacity. Thus, an emphasis on
local manufacturing will complement the country’s expanding solar and storage
infrastructure.

Founded
in 1952, the BC Jindal Group,
led by Shyam Sunder Jindal, has steadily expanded its presence across sectors
such as packaging films, energy and steel products.