Investment8 Sept 2025, 08:59 am
Eco Recycling Ltd Welcomes INR 1500 Crores Subsidy Scheme for Minerals Recovery from E-waste, Li-ion Batteries & Catalytic Converters
AI Summary
Eco Recycling Ltd, a pioneer in e-waste management, welcomes the Union Cabinet’s approval of a INR 1500 crores incentive scheme under the National Critical Mineral Mission. The scheme promotes advanced recycling of e-waste, lithium-ion battery scrap, and other end-of-life resources, and incorporates suggestions submitted by Eco Recycling Ltd during stakeholder consultations. The scheme emphasizes on capital expenditure support, operational incentives, and a dedicated allocation for startups and MSMEs, highlighting the Government’s commitment to building a sustainable and globally competitive recycling ecosystem.
Key Highlights
- 20% capital subsidy and phased operational support expected to enhance returns for recycling projects
- India targets 40,000 tonnes of critical mineral recovery, unlocking hidden wealth
- One-third of the scheme is earmarked for new entrants, encouraging joint ventures & technology partnerships
- Eco Recycling Ltd, as India’s first organized e-waste recycler, is well positioned to leverage this opportunity, scale operations, and lead best practices in the mineral recovery sector
- This development aligns with Eco Recycling’s long-term strategy of advancing circular economy infrastructure