Cabinet approves Rs 2,814 crore scheme to promote critical mineral processing

Cabinet approves Rs 2,814 crore scheme to promote critical mineral processing

New Delhi, Nov 4: The Union Cabinet, chaired by the Prime Minister Narendra Modi, has approved the ‘Capex Support Scheme to Promote Critical Mineral Processing’ with a financial outlay of Rs.2,814 crore over a period of five years. Processing of critical minerals remains geographically concentrated in a few global locations. This exposes supply chains to geopolitical disruptions, price volatility, and potential supply restrictions, posing severe…

Cabinet approves Rs 2,814-crore scheme to promote critical mineral processing

The Cabinet has also approved Rs 14,500 crore in viability gap funding for 92 GWh of grid-scale energy storage systems between FY27 and FY31. This development is significant given India's ambitious target of 500 GW of renewable energy by 2030.

Cabinet approves $297 million incentive policy for critical minerals processing

India's ​cabinet ⁠approved on Wednesday ‌an ‌incentive ‌policy ⁠worth ⁠₹2,814 crore ($297 million) ‌to process critical minerals, ‌Information ​Minister Ashwini Vaishnaw ⁠said.

Union Cabinet to discuss capex support for critical mineral processing, VGF for RE grid-scale storage system

Union Cabinet to consider capex support for critical mineral processing and a viability gap funding scheme for grid-scale energy storage.

The Missing Critical Minerals Investment

To catch up to China, America and its allies must dig.

On Government agenda: New Rs 2,800-crore capex scheme for critical minerals

Lithium, nickel and cobalt are important components for Li-ion batteries that power everything from smartphones to electric vehicles.