GK and monthly revision

India to unveil battery minerals processing scheme; 58 recyclers selected under Rs 1,500 crore programme

India is set to launch a battery minerals processing scheme aimed at bolstering its electric vehicle (EV) industry, which is increasingly reliant on critical minerals and advanced materials. This initiative includes the selection of 58 recyclers under a Rs 1,500 crore program, highlighting the government's commitment to sustainable practices and domestic production. The scheme is significant as it seeks to reduce import dependency and enhance the local supply chain for EV components.