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Inc42
| 10dCentre Contemplating Incentives For Lithium Processing: Report
The Indian government is considering providing incentives to private companies to establish lithium processing facilities to boost the country's lithium mining sector and increase the supply of the EV battery metal. The government plans to develop a comprehensive critical minerals policy that covers all aspects from exploration to mining to value addition. The exact form of incentives is yet to be determined, but the government may take inspiration from countries such as Australia and Canada. The demand for lithium is expected to rise significantly in the coming years due to its use in EV batteries and other electronic devices.
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