Cabinet approves 4 critical mineral processing plants with Rs 2,814 cr push

New Delhi, Nov 4 (UNI) union Cabinet on Wednesday approved a Rs 2,814 crore scheme to boost domestic processing of critical minerals such as lithium and nickel, as India looks to reduce its dependence on imports and strengthen supply chains for key industries. The scheme, titled Capex Support Scheme to Promote Critical Mineral Processing, will run for five years, from FY27 to FY31. It aims to encourage companies to establish domestic processing facilities by offering financial assistance towards their capital expenditure. Under the programme, the government plans to support the establishment of four processing plants, two for lithium and two…