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The Ministry of Heavy Industries has issued a global tender to select beneficiaries for setting up integrated Sintered Rare Earth Permanent Magnet manufacturing facilities in India with a capacity of 6,000 MTPA. This initiative is part of the Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnet, approved
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The Indian government has sanctioned a ₹7,280 crore plan to develop an integrated Rare Earth Permanent Magnet (REPM) manufacturing ecosystem. This scheme aims to establish a domestic capacity of 6,000 metric tonnes per annum, covering the complete value chain from rare-earth oxides to finished magnets. This initiative is
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The Indian government is taking steps to reduce its dependence on imported rare earth magnets critical for electric and hybrid vehicle production. Through the Production Linked Incentive Scheme for Automobiles and Auto Components, India plans to enhance domestic capabilities by focusing on advanced automotive technology, including alternative motor technologies free
Rare Earth Magnets
India is facing disruptions in the supply of Rare Earth Magnets (REM) primarily imported from China. The Ministry of Heavy Industries has highlighted the import statistics and the dependency on Chinese imports. The National Critical Mineral Mission has been established to enhance domestic capacity and resilience in critical minerals, including