Cabinet Clears ₹2,814 Cr Scheme To Boost Lithium & Nickel Processing
With an eye on reducing dependence on imported critical minerals, the Union Cabinet has approved a scheme to set up…
The Union Cabinet has approved a ₹2,814 crore scheme to establish domestic lithium and nickel processing facilities in India, aimed at reducing dependence on imported critical minerals. The Capex Support Scheme to Promote Critical Mineral Processing will run from FY27 to FY31 and involves setting up four units, two each for lithium and nickel processing.
The scheme allocates ₹500 crore per beneficiary for lithium processing plants with a minimum capacity of 30 kilo-tonnes, and ₹900 crore per beneficiary for nickel processing plants with a minimum capacity of 50 kilo-tonnes. Beneficiaries will receive milestone-linked capital subsidies covering 30% of their eligible investment. The government emphasizes that processing, instead of mining alone, will retain more value within India, supporting electric mobility, BESS, electronics, defense, and specialty steel industries.
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