India approves $297 million incentive policy for critical mineral processing

The Indian government has approved an incentive scheme totaling 2.814 billion rupees, approximately 297 million U.S. dollars, aimed at boosting the domestic processing of critical minerals such as lithium and nickel. This was reported by India Today and MarketScreener.

The initiative is designed to strengthen the nation's industrial capabilities in heavy manufacturing and advanced materials. At this time, no further details have been released regarding the distribution of the incentives or the specific timeline for the implementation of the new policy.