Budget 2026: Center Announces Critical Mineral Corridors, Big Boost for AP
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News18•01-02-2026, 11:42
Budget 2026: Center Announces Critical Mineral Corridors, Big Boost for AP
- •Union Finance Minister Nirmala Sitharaman announced the establishment of critical mineral corridors in the Budget 2026.
- •Andhra Pradesh, along with Odisha, Kerala, and Tamil Nadu, will receive support for these corridors due to their rich mineral resources.
- •The initiative aims to facilitate the extraction of valuable and rare minerals, boosting AP's economic development with Modi government support.
- •The government is strengthening mineral exploration to recycling through NCMM 2025 and amendments to the MMDR Act 2023.
- •India is also striving for self-sufficiency in chip manufacturing, with increased budget allocation for electronics and focus on domestic chip design and manufacturing capabilities, attracting investments to states like AP.
Why It Matters: Budget 2026 introduces critical mineral corridors and boosts chip manufacturing, significantly benefiting Andhra Pradesh.
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