clean energy technologies

UNION BUDGET & THE PUSH FOR CARBON CAPTURE IN INDIA

Carbon Capture, Utilisation and Storage (CCUS) is a key technology for reducing emissions from hard-to-abate sectors such as cement and steel, where carbon dioxide is released from core production processes. With budgetary support, indigenous research, and global cooperation, CCUS can help India balance industrial growth with climate commitments and move steadily towards its net-zero emissions target by 2070.

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RARE EARTH PERMANENT MAGNET MANUFACTURING SCHEME

India is prioritizing the development of domestic rare-earth permanent magnet (REPM) manufacturing to reduce import dependence, secure supplies of critical minerals, and support clean-energy, electric mobility, electronics, and defence sectors. The initiative aligns with national strategies such as the National Critical Minerals Mission and recent mining-policy reforms that promote exploration, processing, and private participation. Alongside international partnerships and resource acquisition efforts through KABIL, strengthening REPM capacity positions India to build resilient supply chains, advance self-reliance, and integrate more strongly into global value chains for advanced materials.

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