Union Cabinet to discuss capex support for critical mineral processing, VGF for RE grid-scale storage system
The VISTAR initiative will use AI and machine learning, expand the number of surveys and introduce new data sources to support policymaking.
Full coverage
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.
Centre earmarks ₹2,814 crore to boost lithium, nickel processing (opens The Hindu in a new tab)
In a social media post, Union Coal and Mines Minister G. Kishan Reddy stated the scheme would help strengthen domestic capabilities, boost manufacturing and reduce dependence on imports.
Cabinet nod for Rs 2,814 cr plan to support critical mineral processing (opens Times of India in a new tab)
Cabinet clears ₹4,371 crore statistics overhaul, ₹2,814 crore critical minerals scheme, 850 fast-track courts (opens Hindustan Times in a new tab)
The VISTAR initiative will use AI and machine learning, expand the number of surveys and introduce new data sources to support policymaking.
