India’s leading e-waste and lithium-ion battery recycling company, Recyclekaro, has secured eligibility under the Incentive Scheme for Promotion of Critical Mineral Recycling, introduced by the Ministry of Mines under the National Critical Minerals Mission.
The company has committed an investment of approximately ₹300 crore to expand its critical mineral recycling operations. The project, classified as a brownfield expansion under Beneficiary Category Group A, aims to enhance processing capacity to around 50,000 metric tonnes.
The expansion will focus on recovering critical minerals from multiple waste streams, including spent lithium-ion batteries, electronic circuit e-waste, rare earth magnets, and spent catalytic converters. This initiative is expected to strengthen India’s domestic capabilities in extracting strategic materials such as lithium and rare earth elements, thereby reducing reliance on imports.
The development aligns with India’s broader push toward energy security, circular economy practices, and sustainable industrial growth. By scaling domestic recovery of critical minerals, the project is set to support key sectors such as electric mobility, renewable energy, and advanced manufacturing.
Commenting on the development, Rajesh Gupta, Founder and Managing Director of Recyclekaro, said the eligibility under the government’s incentive scheme marks a significant milestone in strengthening India’s critical mineral ecosystem. He highlighted that the initiative would contribute to the country’s net-zero ambitions and enhance resource security.
Gupta further noted that the company has developed in-house technologies over the past 15 years and conducted extensive pilot-scale experiments. Recyclekaro also plans to invest over ₹500 crore over the next five years in a new R&D facility dedicated to rare earth and critical mineral recovery, which is expected to be among the largest privately owned facilities of its kind in India.
He added that the company is open to collaborations with researchers, innovators, and technology partners to accelerate India’s transition toward clean energy and a circular economy.
