New Delhi, Sept. 4 -- The Union Cabinet's approval of a Rs 1,500 crore incentive scheme on September 3, aimed to strengthen India's circular economy and secure critical mineral resources, will allow for critical minerals recyclers to scale their infrastructure and enhance capabilities, industry voices have said.

The critical mineral value chain comprising exploration, auction and mine operationalisation, and acquisition of foreign assets, has a gestation period before they could supply the minerals to Indian industry. A prudent way to ensure supply chain sustainability in the near term is through the recycling of secondary sources.

Recycling is the fastest and most sustainable way to be self-reliant. It can ensure domestic availability...