ArcelorMittal looks to rope in Indian climate tech start-ups to go green

Launches first country-specific accelerator programme to achieve decarbonisation goal

climate change

Photo: Bloomberg

Ishita Ayan Dutt Kolkata

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Global steel major ArcelorMittal is trying to reel in climate technology start-ups from India to come up with ideas for its and ArcelorMittal Nippon Steel India’s (AM/NS India’s) decarbonisation journey.

The world’s second-largest steelmaker has a global innovation fund, called XCarb, to help navigate its climate journey. And now it has launched its first country-specific accelerator programme directed at India.

“It’s related to our growth plans and strategic view of the country,” says Irina Gorbounova, head, XCarb Innovation Fund.

First Published: Aug 01 2023 | 2:25 PM IST

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