India Boosts Green Energy Push: Exempts 12 Critical Minerals from Customs Duty

In a strategic move to bolster green energy and domestic manufacturing, India’s latest budget exempts 12 critical minerals, including lithium and cobalt, from basic customs duty. This decision aims to reduce production costs, enhance supply chain resilience, and support the nation’s renewable energy and electric vehicle ambitions. The exemption is expected to attract investments and accelerate the adoption of clean energy technologies. Industry leaders hail the move as a game-changer for India’s self-reliance in critical sectors.  

 

Source: Ministry of Finance, Government of India