
The ₹20,000 Crore Carbon Capture: How India Is Building the World's Most Amorphous Climate Tech Market
In the Union Budget 2026, Finance Minister Nirmala Sitharaman dropped a sleeper bomb: a ₹20,000 crore (∼$2.4 billion) incentive scheme for Carbon Capture, Utilisation and Storage (CCUS). The move aligns with a net‑zero by 2070 target and a December 2025 R&D roadmap, but the sector remains nascent. Enter the startups — Varaha, Intrinsic Foundries and New Era Cleantech — who are betting that capturing carbon is not just good for the planet, but good business.







