Cabinet clears ₹2,814 crore scheme for lithium, nickel processing
In short
The Union Cabinet approved a ₹2,814 crore scheme to support lithium and nickel processing.
The plan is meant to cut India’s dependence on imported critical minerals and strengthen local supply chains for industry and batteries.
What the reporting says
The Union Cabinet approved a ₹2,814 crore scheme to set up lithium and nickel processing capacity. The plan is aimed at reducing dependence on imported critical minerals and building domestic processing capability. The announcement matters for companies linked to mineral processing and for supply chains tied to battery and industrial inputs.
Why it matters
The Union Cabinet approved a ₹2,814 crore scheme to expand lithium and nickel processing capacity. The likely beneficiaries are firms involved in mineral processing and related industrial supply chains, especially where lithium and nickel are key inputs.