EU suggests India implement own carbon tax mechanism, says minister Goyal

EU suggests India implement own carbon tax mechanism, says minister Goyal

The EU's carbon tax impacts companies in seven carbon-intensive sectors, including steel, cement, fertilizers, aluminium, and hydrocarbons. About 27% of India's exports of iron ore pellets, iron, steel, and aluminium products are destined for the EU, with exports totalling $7.4 billion in 2023.

No rethink to support FDI from China, India to consider EU suggestion on own carbon tax: Piyush Goyal

Commerce and Industry Minister Piyush Goyal stated that India will not reconsider its stance on supporting foreign direct investments (FDI) from China, despite a recent Economic Survey advocating for such investments to enhance India’s global supply chain and boost exports.