【SMM PV News】India Budget 2026-27 Allocates INR 30,539 Crore for Solar; Boosts Battery Manufacturing and CCUS

Published: Feb 3, 2026 09:49

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India’s Union Budget 2026-27 emphasizes domestic manufacturing competitiveness and long-term energy resilience, allocating INR 22,000 crore for the PM Surya Ghar rooftop scheme and INR 5,000 crore for PM-KUSUM. The budget bolsters the supply chain by extending customs duty exemptions on capital goods for lithium-ion battery production and critical mineral processing, while removing the 7.5% duty on sodium antimonate for solar glass. Additionally, it earmarks INR 20,000 crore over five years for Carbon Capture, Utilisation, and Storage (CCUS) technologies and proposes dedicated "rare earth corridors" in four states to secure input materials. However, duty exemptions for silicon used in wafers and cells are set to lapse in April 2026, signaling a push for deeper domestic value addition.

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