Budget 2026: Green Ammonia, Deep Sea, SMRs - Sitharaman's 3 Silent Masterstrokes

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News18•02-02-2026, 15:35
Budget 2026: Green Ammonia, Deep Sea, SMRs - Sitharaman's 3 Silent Masterstrokes
- •Budget 2026 unveils strategic announcements beyond income tax and rail corridors, focusing on long-term economic and scientific growth.
- •Customs duty removed on capital goods for Green Ammonia and Green Hydrogen production, aiming to make India a 'Green Fuel Hub'.
- •Increased funding for 'Deep Ocean Mission' and 'Matsya 6000' to explore critical minerals like polymetallic nodules, reducing dependence on China.
- •₹20,000 crore 'Nuclear Energy Mission' opens nuclear sector to private players for 'Bharat Small Modular Reactors' (BSMRs), targeting 100 GW capacity.
- •Import duty eliminated on green ammonia machinery and excise duty exempted on biogas-CNG blend, reducing farmer costs and promoting Net-Zero 2070.
Why It Matters: Budget 2026 focuses on green energy, deep-sea exploration, and nuclear power for India's future growth.
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