SWITCH TO EMISSION TARGETS: Plan for Hard-to-abate Industries The budget has proposed a road map for moving the hard-to-abate industries such as steel and cement from energy efficiency targets to emission targets. Regulations for transition of these industries from the perform, achieve, and trade mode to Indian carbon markets will be put in place. It is essential to meet net zero goals, said Shashank Sharma, chairman of Sunsure Energy. The units will also get financial support for making the cleaner switch.
BOOST FOR MRO BUSINESS: Import of Repair Goods Proposal to extend the period for export of goods imported for repairs from 6 months to 1 year to promote domestic aviation and boat and ship maintenance, repair and operations.
Infrastructure investment by private sector to be promoted via viability gap funding, enabling policies, rules. A market-based financing framework will be brought out.
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