PLI, duty incentives soon for Lithium, Nickel processing units in India

India is poised to approve incentives, including production-linked benefits and import duty waivers on capital goods, to establish domestic lithium and nickel processing units. This strategic move aims to reduce reliance on overseas processors and bolster the nation’s critical minerals ecosystem. The initiative supports the National Critical Minerals Mission and aligns with projected growth in demand for electric vehicle batteries.

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