India Waives Import Taxes on Critical Metals to Boost Green Energy

India will scrap import duties on 25 critical minerals, including lithium and copper, as it looks to boost renewable energy and ensure supply for the defense and telecommunications sectors, Indian Finance Minister Nirmala Sitharaman said on Tuesday. “Minerals such as lithium, copper, cobalt and rare earth elements (REE) are critical for sectors like nuclear energy, renewable energy, space, defence, telecommunications and high-tech electronics,” Sitharaman said in the 2024-2025 budget speech. The minister is proposing to exempt…