India is seeking some flexibility in the EU's Carbon Border Adjustment Mechanism (CBAM) which comes into effect from January 1 next year. Meanwhile, it is also mulling a domestic carbon tax to offset CBAM and retain revenue within the country.
Officials and industry sources point to potential gains in fertilisers, rare earth minerals, electronics manufacturing, and foreign direct investment, even as India faces tariff pressures from the US.
Prices in the international market are rising on trade restrictions, tight supplies and steady demand