India Rejects EU Carbon Tax Proposal

31 Jul 2024 CW Team

India has expressed strong disapproval of the European Union's carbon tax proposal, deeming it unfair and unacceptable. According to Indian officials, the proposed tax could have adverse effects on the country's economy and its trade relations with the EU.

The EU's carbon tax aims to impose charges on imports based on their carbon emissions, a move designed to promote environmental sustainability and reduce global carbon footprints. However, Indian officials argue that the tax unfairly targets developing countries and could undermine their economic growth. They contend that such measures disproportionately affect nations with emerging economies that are still in the process of expanding their industrial and manufacturing capabilities.

India's criticism centers on the potential economic impact, suggesting that the carbon tax could increase the cost of Indian exports to the EU, making them less competitive. This, in turn, could negatively affect Indian industries and lead to economic repercussions. Furthermore, India believes that the carbon tax does not take into account the diverse economic contexts and developmental stages of different countries.

In response, India has called for a more equitable approach that considers the developmental needs of emerging economies while still addressing global climate goals. Indian officials emphasize the importance of collaborative and inclusive strategies to combat climate change without imposing disproportionate burdens on less developed nations.

India's stance highlights the ongoing debate over how global climate policies should balance environmental objectives with the economic realities of developing countries. The country continues to advocate for fairer international trade and environmental policies that support sustainable development for all nations.

Infrastructure Urban

07 Oct 2025

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..