Addressing the Material Recycling Association of India’s seminar on critical mineral recycling ecosystem, Reddy said the government was preparing an incentive scheme for critical mineral recycling and has already allocated about ₹34,000 crore for critical mineral development.
He emphasised the need to advance critical mineral recycling with a focus on innovative technologies, entrepreneurship, e-waste management and environmental sustainability.
The association highlighted the need for immediate abolition of the Pre-shipment Inspection Certificate framework for imports of ferrous and non-ferrous metal scrap, saying it had impacted the industry’s operations.
The association also sought removal of import duty on aluminium scrap.
