With a focus on financing, FY 17 budget increases fund allocation to IREDA

BRIDGE TO INDIA | 29 February 2016

The Finance Minister of India presented the union budget for the financial year 2016-17 (April 16 – Mar 17) earlier today. As predicted by us earlier this month, there is no substantial change in central government outlay for the sector (refer). The most significant announcement is about an investment of INR 91 billion, an increase of INR 37 billion over the previous year (refer) in the Indian Renewable Energy Development


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