Daily News Wrap-Up: Ministry Announces 25% Incentive for Critical Minerals Explorations
Juniper Green Energy secures $150 million to support the expansion of its operational capacity
September 14, 2023
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In a bid to enhance the exploration of critical minerals within the country, the government of India announced a 25% incentive on the approved project cost for exploration agencies, Pralhad Joshi, the Union Minister for Mines and Coal, has said. The decision aims to expedite the discovery and extraction of critical minerals, reduce the country’s dependence on imports, and foster self-sufficiency in these vital resources. Critical minerals are integral to contemporary industries, encompassing electronics, defense, and renewable energy.