Cabinet Approves ₹2,814 Crore Support Scheme for Lithium and Nickel Processing

The Union Cabinet has approved a capital expenditure support scheme with an outlay of ₹2,814 crore to promote the processing of critical minerals, particularly lithium and nickel. These minerals are essential for several modern industries, including electric vehicle batteries, energy storage systems, electronics and renewable energy technologies. The scheme aims to encourage investment in domestic processing facilities and develop India's industrial capabilities. Building local processing capacity can help reduce dependence on imported materials and strengthen supply-chain security. The initiative also supports India's broader objective of developing a competitive manufacturing ecosystem and positioning the country as an important participant in emerging global technology industries.