Post-Budget Quote 2025 | Customs Duty | EV Supply Chains | Fostering Investment | Mr. Rajesh Gupta, Founder & Director, Recyclekaro

"The Union Budget 2025 takes a decisive step towards strengthening India's battery recycling and manufacturing ecosystem. The exemption of Basic Customs Duty (BCD) on critical minerals like cobalt, lithium-ion battery scrap, lead, and zinc will enhance domestic resource availability, reduce dependency on imports, and accelerate value addition within India. This move aligns with India's vision for a circular economy, fostering investment in battery recycling and EV supply chains. The addition of new capital goods for EV and mobile battery manufacturing will further boost local production and job creation."