EU Proposes CBAM Expansion That Would Hit Indian Exports

22 Apr 2026 CW Team

The European Union (EU) has moved to broaden the scope of the Carbon Border Adjustment Mechanism (CBAM) after a draft proposal from the European Parliament’s Committee on the Environment, Climate and Food Safety (ENVI) recommended charging CBAM levies on 180 additional steel- and aluminium-based products from January one, 2028. The committee set out an intent to extend the mechanism beyond raw materials to a wider range of manufactured goods. The draft was issued on April 10 and awaits plenary approval.

If the European Parliament approves the measure, exporters to the EU would face higher compliance costs and altered market dynamics, with direct implications for firms in India seeking market access under a freshly negotiated free trade agreement expected by the end of this calendar year. The proposal arrives amid intensifying trade discussions between India and the EU, where CBAM has been a prominent point of contention. Observers note that the charge will function as a climate-linked trade barrier for exposed sectors.

Engineering exports from India that could be affected include auto components, machinery, fabricated metal products, pipes, fasteners and aluminium-based goods. Think tank GTRI warned that most industrial products entering the EU could face carbon tax exposure by 2030. Manufacturers that rely on scrap-based steel production or recycled aluminium have so far enjoyed a cost advantage that may be eroded by revised accounting rules.

The draft also proposes tighter carbon accounting that would include emissions from pre-consumer scrap and is examining the inclusion of indirect emissions from electricity use. Such changes could significantly increase compliance burdens for producers dependent on coal-based power and raise the cost of exports to the EU. Businesses and policymakers in India may need to accelerate decarbonisation measures and prepare for heightened monitoring and verification requirements should the measure be adopted.

Infrastructure Urban

22 Apr 2026

AMTOE 2026 Opens Global Machine Tool Sourcing Hub

The Asian Machine Tool Online Exhibition 2026 (AMTOE 2026) has officially opened as a B2B sourcing platform connecting global buyers with verified Asian suppliers across the machine tool and manufacturing sector. The exhibition will run until 31 October 2026 through a hybrid online and offline model, offering extended sourcing and business networking opportunities.Co-organised by AsianNet and TradeAsia, the event aims to strengthen links between Asian manufacturers and international importers while improving cross-border procurement efficiency and supplier matching.Since launching in 2022, AMT..

Vedanta Lifts Renewable Energy Use by Over 50%

On World Earth Day, Vedanta Limited announced that its renewable energy usage rose by over 50 per cent year on year to 3.97 billion units in FY26, helping avoid 3 million tonnes of carbon dioxide emissions.The company said its portfolio of metals, minerals, power, and oil & gas continues to support advanced manufacturing, electrification, energy transition and clean technology. Aluminium, copper and silver remain critical for applications such as mobility, power transmission, renewable infrastructure and solar photovoltaics, while iron, steel and zinc continue to support energy infrastruct..

Sunteck Realty Reports Strong FY26 Growth

Sunteck Realty reported strong growth in the fourth quarter and full year of FY26, with revenue rising to about Rs 3.39 billion in Q4 and Rs 11.24 billion for the year, up 65 per cent and 32 per cent year on year, respectively. EBITDA stood at about Rs 970 million in Q4 and Rs 3.05 billion in FY26, while profit after tax rose to about Rs 630 million and Rs 2.02 billion, respectively.Operationally, pre-sales increased to about Rs 10.64 billion in Q4 and Rs 31.57 billion in FY26, while collections reached about Rs 4.32 billion and Rs 14.33 billion, respectively. Net cash flow surplus for FY26 ro..