India Announces βΉ7,280 Cr Push for Rare Earth Magnet Manufacturing
India has taken a major strategic step to reduce dependence on imported rare earth magnetsβcritical inputs for EVs, renewable energy, aerospace, defence, and high-tech electronics.The Union Cabinet has approved a landmark βΉπ,πππ ππ«π¨π«π scheme to build a fully integrated domestic ecosystem for sintered rare earth permanent magnets (REPM) with a target capacity of π,πππ ππππ […]