BusinessPhoto: News18India Approves Rs 2,814 Crore Scheme for Critical Mineral Processing
India's Cabinet approved a Rs 2,814-crore CAPEX Support Scheme to boost critical mineral processing, addressing the gap between mining and usable materials. This move aims to reduce dependence on foreign countries for high-purity battery-grade minerals like lithium and nickel. The decision supports India's energy transition goals, including 500 GW of non-fossil fuel capacity by 2030 and net-zero emissions by 2070, requiring large quantities of critical minerals for electric vehicles and renewable energy.
News18·



