India Launches Bold Strategy for Rare Earth Resources
The Indian government's new strategic focus aims to enhance self-reliance in critical rare earth materials by establishing dedicated Rare Earth Corridors and a ₹7,280 crore REPM Manufacturing Scheme. These initiatives are designed to bolster domestic capacity in the mining and manufacturing of Rare Earth Permanent Magnets (REPMs), essential for sectors like electric vehicles, wind turbines, and defense. Additionally, India is forming global partnerships to ensure resilient supply chains, aligning with national priorities like Atmanirbhar Bharat and Net Zero 2070.
Source: Original Link