India's ₹2,800 Crore Critical Minerals Plan: Lithium, Nickel Processing To Get 30% Subsidy

India is stepping up its push to strengthen domestic critical mineral processing with a proposed ₹2,800 crore scheme for lithium, nickel and cobalt. Chetan Bhutani, Business Today, brings the exclusive details of the Cabinet proposal, which could offer 30% capital subsidies to eligible investments in processing plants. The initiative aims to reduce dependence on imports and strengthen India's battery, electric vehicle and electronics supply chains. Andhra Pradesh, Odisha, Gujarat and Maharashtra are among the states being considered for investments. The move could also help India reduce supply-chain risks amid global competition and dependence on China for critical minerals.