India’s Rare Earth Push: A ₹7,280-Crore Leap Toward Strategic Manufacturing
A Landmark Move to Build Critical Magnet Capabilities The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved a landmark ₹7,280 crore scheme to promote domestic manufacturing of Sintered Rare Earth Permanent Magnets (REPM)—a strategic industrial segment where India has long been dependent on imports. The initiative seeks to create an integrated REPM manufacturing ecosystem…



