Cabinet Clears INR 1,500 Cr Scheme For Critical Mineral Recycling

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SUMMARY

The scheme has been envisaged with developing at least 270 kilotons of annual recycling capacity

The Centre said that the scheme will result in the production of nearly 40 kilotons of annual critical minerals, create 70,000 jobs and enable INR 8,000 Cr worth of investments

The government will offer up to 20% subsidy on capital expenditure for plant and machinery, equipment and associated utilities for starting production

In a bid to reduce import dependence, the Union…



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Cabinet Clears INR 1,500 Cr Scheme For Critical Mineral Recycling


SUMMARY

The scheme has been envisaged with developing at least 270 kilotons of annual recycling capacity

The Centre said that the scheme will result in the production of nearly 40 kilotons of annual critical minerals, create 70,000 jobs and enable INR 8,000 Cr worth of investments

The government will offer up to 20% subsidy on capital expenditure for plant and machinery, equipment and associated utilities for starting production

In a bid to reduce import dependence, the Union…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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