The Union Budget’s focus on digitisation and its commitment to the Pradhan Mantri Saubhagya Yojna for electrifying all households with an allocation of Rs. 16000 crore clearly emphasises the government’s agenda of ‘24X7 Power For All’. Further, the allocation of 2.04 Lakh crore for the Smart City Mission will add momentum of our cities turning more efficient in usage of energy. Accelerating these flagship schemes is stepping the pedal on the pace of sustainable urbanisation and larger economic growth.
With the investment momentum into the smart cities and power sector going up and focus on renewable energy space significant business opportunities will be created. Also, starting a mission on cyber security and setting up a centre of excellence by Department of Science is a welcome step from government towards better integration of technological advancements in the power sector.
