Re Sustainability Limited Welcomes Union Budget 2026–27’s Focus on Circular Economy and Decarbonisation
Commenting on the Union Budget 2026–27, Masood Mallick, Chairman, CII National Committee on Waste to Worth Technologies and Managing Director & Group CEO, Re Sustainability Limited (ReSL), said the Budget marks a decisive shift in India’s approach to resource security and decarbonisation by positioning them as strategic economic priorities.
He said the ₹20,000 crore allocation for Carbon Capture, Utilisation and Storage (CCUS) over five years sends a strong signal to industry, addressing competitiveness challenges arising from global mechanisms such as the EU’s Carbon Border Adjustment Mechanism, while enabling hard-to-abate sectors such as steel and cement to decarbonise without compromising global competitiveness.
Mallick also highlighted the Budget’s emphasis on strengthening domestic capabilities across the critical minerals value chain—from exploration to processing. Measures such as duty exemptions on capital goods for critical mineral processing and support for rare-earth corridors in mineral-rich states are expected to significantly boost urban mining and large-scale resource recovery. He noted that recognising secondary resources as strategic assets is a timely and long-overdue step for industries engaged in end-of-life material recovery.
Welcoming the extension of duty exemptions for lithium-ion cell manufacturing in battery energy storage systems and the rationalisation of excise duty on biogas-blended CNG, he said these initiatives reflect a mature understanding of how clean energy transition and circular economy objectives reinforce each other. According to him, these measures will accelerate investments in recovery infrastructure and drive a shift from linear to circular industrial models.
Mallick added that by prioritising execution, scale, and infrastructure, the Budget firmly establishes circularity as a foundation for India’s manufacturing resilience and its Viksit Bharat vision, giving industry the confidence to invest in sustainable technologies at scale.
