From The Indian Express
Center-Left Owned by Indian Express GroupCritical Mineral push: Cabinet approves Rs 2,814 crore capex support scheme to boost lithium, nickel processing
What's behind this
The Union Cabinet approved a Rs 2,814 crore “Capex Support Scheme to Promote Critical Mineral Processing” aimed at setting up domestic plants for critical minerals such as lithium and nickel. Union Minister Ashwini Vaishnaw announced the five‑year outlay during a Cabinet briefing, and the decision was taken in a meeting chaired by Prime Minister Narendra Modi. The scheme is intended to reduce India’s reliance on imports of high‑purity minerals used in electric vehicles and electronics, and is expected to provide roughly 30 % support for establishing the processing facilities.
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left · 1 outlet
Critical Mineral push: Cabinet approves Rs 2,814 crore capex support scheme to boost lithium, nickel processing
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Recognising their strategic importance, the Prime Minister has made developing India's critical mineral value chain one of the country's key national priorities.
