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India launches ₹20,000 crore, 5-year CCUS plan for steel, cement, and power to cut emissions.
India’s 2026-27 Union Budget unveiled a ₹20,000 crore, five-year plan to advance carbon capture, utilization, and storage (CCUS) technologies in hard-to-abate industries like steel, cement, and power, aiming to reduce industrial emissions and support climate goals.
The initiative, part of broader efforts to promote clean tech and reduce import dependence, includes funding for rare earth corridors in Odisha, Tamil Nadu, Andhra Pradesh, and Kerala, incentives for seaplane manufacturing, high-speed rail corridors, and ship repair hubs.
The budget also extends customs duty exemptions for clean energy and critical mineral projects, strengthens financial inclusion through a new banking committee, and allocates funds for biopharma, electronics, and rural electrification.
India lanza un plan CCUS de ₹ 20,000 crore, de 5 años para acero, cemento y energía para reducir las emisiones.