PM Modi Reviews Critical Mineral Strategy: Overseas Assets & Recycling Boost

• PM Modi reviewed India's efforts to acquire critical mineral assets overseas and a Rs 1,500-crore recycling incentive scheme.
• Overseas acquisition is crucial for reliable supply chains, supporting sectors like electric mobility, renewable energy, and defence.
• The Rs 1,500-crore scheme aims to develop 270 kilotonnes/year recycling capacity, producing 40 kilotonnes/year critical minerals.
• This scheme is projected to attract Rs 8,000 crore investment and create 70,000 jobs.
• The initiatives are part of the National Critical Mineral Mission, a Rs 16,300-crore plan for self-reliance and green energy transition.

Why It Matters: India boosts critical mineral security through overseas assets and a major recycling incentive for green energy.