New Delhi, July 2 -- NITI Aayog is developing policy recommendations on royalty structures and incentive mechanisms to boost critical mineral extraction and strengthen India's value chain, Anupam Lahiri, Principal Director (Minerals) and Additional Director General, said on Wednesday, as demand from clean energy and advanced technology sectors rises.

Speaking at the 15th India Minerals and Metals Forum, Lahiri stated, "We are working on policy prescriptions. One aspect is what the royalty should be so that state governments are compensated, but more importantly, how incentivisation can come for the mine owner so that they can invest in extracting the critical minerals."

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