GK and monthly revision

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

The Indian government is close to approving a scheme that will provide production-linked incentives and waive import duties for capital goods necessary for lithium and nickel processing units. This initiative is significant as it aims to boost domestic production of these critical minerals, which are essential for battery manufacturing and the electric vehicle industry. By enhancing local processing capabilities, India can reduce its dependence on imports and strengthen its position in the global supply chain for green technologies.