India plans to expand rare earth magnet manufacturing investment to enhance self-reliance and capacity.
India is set to significantly expand its investment in rare earth magnet manufacturing with a planned allocation of $788 million (around ₹7,000 crore), nearly tripling the initial outlay, as part of a strategic push to reduce dependence on Chinese imports and enhance self-reliance in critical minerals. The proposal, awaiting cabinet approval as of early November 2025, aims to build a robust domestic ecosystem for rare earth permanent magnets, essential for electric vehicles, renewable energy, and …
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