India Launches $166M Critical Mineral Recycling Program to Boost Domestic Supply
India's government has initiated a $166 million critical mineral recycling program to reduce reliance on imports. The scheme grants a 20% capital expenditure subsidy to companies investing in advanced technology for recycling lithium, cobalt, and nickel, among others. Applications are open until April 1, with the initiative expected to develop 270,000 metric tons of recycling capacity and create 70,000 jobs. Companies like Attero Recycling and Lohum Cleantech are poised to benefit from this program, which is part of a broader National Critical Mineral Mission.
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India has launched a $166 million Critical Mineral Recycling Incentive Scheme to enhance domestic supply of essential minerals for green technologies. The program offers a 20% capital subsidy and performance incentives for advanced recycling technologies, with applications open until April 1.
It aims to develop 270,000 metric tons of capacity and recover 40,000 tons of critical minerals annually, potentially catalyzing 80 billion rupees in private investment and creating around 70,000 jobs. Companies like Attero Recycling plan significant expansions, with new facilities set to increase lithium-ion battery recycling capacity to 300,000 tons by 2028. The initiative seeks to address informal e-waste handling and reduce dependence on China amid geopolitical tensions.
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