The Company has secured eligibility under the government of India’s critical mineral recycling incentive scheme, plans ₹3 billion expansion for recycling operations.
An India-based recycling firm Recyclekaro has received a major boost from the Government of India after becoming eligible under the incentive scheme launched by the Ministry of Mines as part of the National Critical Minerals Mission.
The company plans to invest around ₹3 billion to expand its recycling operations. The Company expects its total processing capacity to reach nearly 50,000 metric tonnes.
The project has been classified as a brownfield expansion and will focus on extracting valuable materials from multiple waste streams like lithium-ion batteries, electronic waste, rare earth magnets, and catalytic converters.
This step is important as India is currently dependent on imports for many critical minerals. By increasing domestic recovery of materials like lithium and rare earth elements, Recyclekaro is aiming to support sectors like electric vehicles, renewable energy, and advanced manufacturing.
Founder and MD Rajesh Gupta said the approval is a strong step towards building India’s mineral security and achieving long-term sustainability goals. He also highlighted that the company is investing over ₹5 billion in the next five years to build one of India’s largest private R&D facilities focused on critical mineral recovery.
