India has taken a significant step towards strengthening its critical mineral supply chain by identifying 58 companies eligible under its incentive scheme for mineral recycling, aimed at reducing import dependence and supporting clean energy transition.
The Ministry of Mines has completed the eligibility assessment for participation in the incentive scheme for promotion of critical mineral recycling.
A total of 58 companies have been approved to move forward under the programme.
The scheme, introduced with an outlay of ₹1,500 crore under the National Critical Mineral Mission, is focused on building domestic capabilities in recycling key minerals.
The initiative targets recovery of critical minerals from sources such as lithium-ion batteries, electronic waste, and industrial scrap.
By developing recycling capacity, the government aims to reduce reliance on imports while supporting sectors such as clean energy, advanced manufacturing, and electronics.
The selected companies have collectively committed a processing capacity of around 850 kilo tonnes per annum (KTPA), along with an estimated investment of approximately ₹5,000 crore.
This reflects growing industry participation in building a domestic ecosystem for critical mineral recovery.
Applications were invited between October 2025 and April 2026, receiving strong interest from industry participants. Proposals were evaluated by the Project Management Agency in line with scheme guidelines before final approval by the Executive Committee.
The approvals were granted in phases, with entities cleared across multiple evaluation rounds.
With the eligibility phase completed, the scheme now moves into execution, where selected entities will undertake capacity development and begin production.
Financial support under the scheme will be linked to progress in project implementation.
The initiative is part of India’s broader push to secure access to critical minerals, which are essential for emerging technologies such as electric vehicles, renewable energy systems, and advanced electronics.
Developing recycling capabilities also supports circular economy goals by reducing waste and improving resource efficiency.
Read More: India Ensures Stable LPG and Fertiliser Supply Amid West Asia Tensions!
The approval of 58 companies marks a key milestone in building India’s critical mineral recycling ecosystem, with the next phase focused on translating commitments into operational capacity.
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Published on: May 2, 2026, 11:56 AM IST
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