Centre earmarks ₹2,814 crore to boost lithium, nickel processing
The Indian Union Cabinet has approved a ₹2,814-crore subsidy scheme to boost domestic processing of critical minerals like lithium and nickel. The initiative aims to reduce import dependence and support the manufacturing of electronics and batteries.
Why it matters
This investment is a strategic move to secure India's supply chain for high-tech industries, including semiconductors and electric vehicle batteries.
NEW DELHI The Union Cabinet on Wednesday approved a ₹2,814-crore capital expenditure support scheme to establish domestic processing facilities for lithium and nickel, seeking to strengthen India’s critical mineral ecosystem and reduce import dependence. The scheme will remain in force for five years. India’s domestic beneficiation and processing infrastructure for critical minerals remains limited, with commercial-scale operations constrained by high capital requirements, limited access to suitable technologies and inadequate availability of raw materials, the government said in a statement. Union Minister for Coal and Mines G. Kishan Reddy said the scheme would strengthen domestic capabilities, boost manufacturing and reduce dependence on imports.
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