Budget 2024: Customs duty exemption on critical minerals step towards making India global hub
Govt sets up Mission to produce, recycle and acquire mineral assets
Govt sets up Mission to produce, recycle and acquire mineral assets
The government has now decided to specify a reasonable royalty rate of 2-4% on these minerals.
The concentration of extraction or processing of such minerals in a few countries may lead to supply chain vulnerabilities, says Ministry of Mines.