A new government incentive plan for critical mineral recycling faces cautious reception from industry players. Challenges like informal e-waste collection and supply chain gaps could hinder its success. The plan aims to boost domestic extraction of vital metals from batteries and gadgets. Industry experts believe technology acquisition and workforce development are crucial for realizing the plan’s potential.
Critical minerals recyclers are cautious about the prospects of the newly announced incentive plan for the sector.
Players say the informal e-waste collection system and the lack of a supply chain can hinder the government’s plan to establish a robust critical mineral extraction ecosystem in the country.
The mines ministry recently announced ₹1,500 crore sops for recycling of critical minerals. The scheme provides a maximum incentive of ₹50 crore to eligible firms.