For the renewable sector, financial schemes such as interest subvention on term loan and working capital, upfront central financial assistance on CAPEX are expected from Budget 2021, rating agency Brickwork Ratings said in its report titled ‘BWR Pre-Budget Expectations FY22’. An increase in various export incentives, implementation of basic customs duty (BCD) with an exemption to solar manufacturers based in a special economic zone (SEZ), implementation of production-linked incentive schemes are expected in the upcoming budget for the sector. The availability of adequate financing options for projects under implementation as a part of the National Infrastructure Pipeline (NIP) is also expected to be announced in the budget.
Infrastructural and development companies are pinning their hopes for new schemes and adequate allocation for the sector in Budget 2021. ”Construction companies and developers should be further incentivized to explore new technology platforms that will boost operational efficiency on ground, improve skill and job creation for the crores of labours on ground and mitigate delays in project timelines caused due to the pandemic,” said Asutosh Katyal, CEO and Founder, Captech Technologies.