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flag India launches ₹20,000 crore, 5-year CCUS plan for steel, cement, and power to cut emissions.

flag 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. flag 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. flag 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.

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