Budget promotes manufacturing led growth, infrastructure and clean energy

This is a growth oriented and futuristic budget.

•The big shift in policy initiatives will revive and promote manufacturing thereby paving the way for 7%

growth

•Key announcements on investments in physical infrastructure development, direct allowances for new

investment in Plant & Machinery, FDI, GST implementation and long term financing options are likely to boost manufacturing.

Wind Energy (clean) given a top priority •Extending of 10 yr tax holiday for power companies by 31st March, 2017, provides much required

predictability for investors investing in power projects. The target of the new government is to provide 24/7 uninterrupted power supply to all homes augurs well for the growth of energy sector in India.

•Τhe budget proposal to increase clean energy cess from Rs.50 per ton to Rs.100 per ton for financing

and promoting will indeed be a major boost for Wind energy in particular. The Clean Energy Fund will now be doubled annually from 4000 Cr

•Investment allowance along with continuation of additional depreciation (Total -60%) is also likely to

benefit SMEs who would like to invest in the wind sector .

•The FM provided much awaited relief in the form of exempting special additional duty of 4% on parts

and materials required for the manufacturing of wind operated generators.

•Early execution of the Green Energy Corridor Project is also likely to act as catalyst in evacuation of

power from wind.

All these measures are likely to boost investment in the Wind energy sector which is likely to grow by 50% in 2014-15.

Tulsi Tanti, Chairman and Managing Director of Suzlon Group on Budget 2014