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Govt To Launch Incentive Scheme For Critical Minerals This Year

  • The Indian government plans to launch an incentive scheme for the recycling of critical minerals, including lithium and cobalt.
  • The scheme may offer subsidies on capital expenditure or production-linked incentives.
  • It aims to scale up India's capacity to recycle lithium-ion batteries and meet the country's net-zero greenhouse gas emissions targets.
  • The government has also proposed a policy shift to enable private entities to undertake large-scale early-stage exploration for critical minerals.

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