Government to Launch ₹7,350 Crore Scheme to Boost Rare-Earth Magnet Production

The Indian government is in the final stages of introducing a ₹7,350 crore scheme aimed at promoting domestic production of sintered rare earth permanent magnets (REPMs) and reducing import dependence, according to information accessed by Business Standard. The initiative comes in the wake of China’s export restrictions on REPMs in April, which disrupted supplies for […]

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