India approves ₹14,500-crore energy storage scheme under Critical Minerals Mission
CNBC-TV18 1 hr ago·4 Nov 2026, 9:30 am
The Indian government has approved a major scheme worth ₹14,500 crore under its Critical Minerals Mission. This initiative aims to boost domestic production of minerals essential for making batteries and other clean energy technologies. The focus is on creating a secure supply chain for critical elements like lithium and cobalt, which are vital for the country's energy transition.
This move is significant for the broader market as it supports India's goal of achieving 50% non-fossil fuel energy capacity. It encourages investment in the green energy sector and reduces reliance on imports. For investors, this signals a strong policy push toward renewable infrastructure and the battery ecosystem.
Investors should watch for announcements on specific project locations and the timeline for implementation. The success of this scheme will depend on how quickly companies can ramp up mining and processing activities. Tracking progress in this sector could offer insights into future growth opportunities in the energy storage market.
Excerpt from CNBC-TV18
Published On Nov 4, 2026 | 15:00 IST Last Updated On Nov 4, 2026 | 15:10 IST With nearly 52% of India's energy needs now sourced from non-fossil fuels, the Cabinet has approved a new scheme linked to the Critical Minerals Mission. The Union Cabinet has approved a ₹14,500-crore scheme to support the development of 92…Read the original at CNBC-TV18
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