The Union Cabinet has officially sanctioned a 2,814 crore capital expenditure support scheme specifically designed to accelerate critical mineral processing across the country. The strategic policy is aimed at addressing escalating domestic industrial requirements while reducing external dependence on essential raw materials vital for strategic sectors.
What Amit Shah Said
Highlighting the milestone, Amit Shah wrote on X that the nation has taken a major leap toward self-reliance in critical minerals under the leadership of the Narendra Modi administration. He stated that the cabinet approval of the 2,814 crore Capex Support Scheme to Promote Critical Mineral Processing provides a decisive mechanism for meeting long-term domestic consumption needs.
Expanding Domestic Value Addition and Processing Capabilities
Critical minerals serve as the fundamental backbone for cutting-edge electronics, renewable energy infrastructure, electric mobility, and advanced industrial manufacturing. Historically, securing processed forms of these materials has posed significant supply-chain vulnerabilities due to heavy reliance on foreign processing hubs. The designated financial assistance is structured to incentivize capital investment, encourage domestic value addition, and establish modern refining infrastructure within the country.
Public Reaction
The announcement elicited varied responses across online forums and social platforms. While numerous observers welcomed the scheme as an essential catalyst for domestic technology investment, industrial growth, and skilled employment, others raised pertinent queries regarding raw material sourcing and voiced concerns over which corporate conglomerates might benefit most from the subsidies.
