India, Feb. 1 -- The Union Budget 2026-27 allocates Rs 20,000 crore to advance Carbon Capture, Utilisation and Storage (CCUS) technologies in heavy industries.

The move aligns with India's Net Zero 2070 strategy.

This investment aims to bridge the gap between pilot projects and large-scale systems.

It targets sectors like steel and cement, which are crucial for industrial decarbonisation and economic competitiveness.

In a significant policy signal on industrial decarbonisation, Union Finance Minister Nirmala Sitharaman proposed an outlay of Rs 20,000 crore over the next five years to scale up carbon capture, utilisation and storage (CCUS) technologies, positioning them as a key pillar of India's long-term climate and industrial strate...