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DD News 2026-11-04
Cabinet approves ₹2,814 crore scheme to enhance domestic lithium and nickel processing The Union Cabinet, led by Prime Minister Narendra Modi, has approved a Rs 2,814-crore scheme to enhance domestic processing of critical minerals like lithium and nickel. This initiative, set to run from FY 2026-27 to 2030-31, aims to reduce India's reliance on imports and bolster supply chains amid global geopolitical challenges. The scheme will provide a 30 percent capital subsidy for establishing four processing plants, including two for lithium and two for nickel. This move addresses the current limitations in India's mineral processing infrastructure and aims to support national security and economic sovereignty.
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