Union Cabinet to discuss capex support for critical mineral processing, VGF for RE grid-scale storage system
The scheme aims to develop domestic processing capabilities in India to support value addition within the country, reduce import dependence, and develop value chain.
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Union Cabinet to discuss capex support for critical mineral processing, VGF for RE grid-scale storage system (opens The Hindu in a new tab)
The Hindu had learnt previously that the potential scheme could provide support of about 30% for setting up of these processing plants
India's critical mineral game gets ₹2,814 crore boost (opens The Economic Times in a new tab)
Cabinet Approves Rs 2,814-Crore Scheme For Critical Mineral Processing (opens NDTV in a new tab)
The maximum capital support will be capped at Rs 500 crore per lithium beneficiary and Rs 900 crore per nickel beneficiary, respectively, according to an official statement.
Centre Approves Rs 2,814-Crore Scheme To Promote Lithium, Nickel Processing (opens NDTV in a new tab)
The scheme aims to develop domestic processing capabilities in India to support value addition within the country, reduce import dependence, and develop value chain.
