Archive · 2 Jan 2026
PM Modi Reviews Critical Mineral Progress
Prime Minister Narendra Modi had a meeting to check how India is doing in getting important minerals from other countries and how a big money plan to recycle these minerals is working.
These minerals are very important for things like electric cars, solar panels, and phones.
The plan to recycle these minerals is expected to create a lot of jobs and help India become more self-sufficient.
The government has also set aside a lot of money to make sure India can get these important minerals without having to rely too much on other countries.
Prime Minister Narendra Modi reviewed the progress on acquiring critical mineral assets overseas and the performance of a ₹1,500-crore recycling incentive scheme.
Overseas asset acquisitions are crucial for securing stable supply chains for critical minerals used in sectors like electric mobility, renewable energy, electronics, and defense.
The recycling incentive scheme aims to develop 270 kilo tonnes of recycling capacity annually, resulting in 40 kilo tonnes of critical mineral production and creating around 70,000 jobs.
The scheme is part of the National Critical Mineral Mission, which has a total outlay of ₹34,300 crore over seven years to achieve self-reliance and support green energy transition.
Critical minerals like copper, lithium, nickel, cobalt, and rare earth elements are essential for clean energy technologies.
- Who
- Prime Minister Narendra Modi
- What
- Reviewed progress on overseas critical mineral acquisitions and a ₹1,500-crore recycling incentive scheme
- When
- Friday (specific date not mentioned)
- Where
- India (specific location not mentioned)
- Why
- To secure stable supply chains for critical minerals essential for sectors like electric mobility, renewable energy, electronics, and defense, and to promote recycling of critical minerals
- Prime Minister
- Narendra Modi
- Review Focus
- Overseas critical mineral acquisitions and recycling incentive scheme
- Incentive Scheme Budget
- ₹1,500 crore
- Expected Recycling Capacity
- 270 kilo tonnes annually
- Expected Annual Mineral Production
- 40 kilo tonnes
- Investment and Job Creation
- ₹8,000 crore and 70,000 jobs
- National Critical Mineral Mission Budget
- ₹16,300 crore (total outlay of ₹34,300 crore over seven years)
