India to unveil incentives for lithium, nickel processing, sources say
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India plans to offer incentives for companies to establish lithium and nickel processing plants to boost output and meet rising demand for critical minerals. The incentive plan includes a 15% capital subsidy for eligible investments starting April 1, 2026, with a cap based on annual net sales turnover. The program aims to support India's energy transition and electric vehicle supply chain, targeting 30% electric car penetration by 2030. Initial incentives will be rolled out for two lithium and two nickel projects, with specific capacity requirements for qualifying plants.
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