Cabinet approves Rs 2,814 crore for critical mineral processing
The Union Cabinet, chaired by Prime Minister Modi, has cleared capital expenditure (capex) of Rs 2,814 crore. This scheme will support domestic processing of minerals, including lithium and nickel, over five years from FY 2026-27 to FY 2030-31.
According to the statement, the aim is to strengthen India's domestic critical mineral processing capabilities, reduce dependence on imports and develop resilient supply chains for minerals used in sectors such as electric mobility, battery energy storage systems (BESS), electronics, defence and speciality steel.
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