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5 days agoIndia’s rare earth magnet plan aims to reduce strategic dependence on China
India approved a ₹7,280-crore rare earth permanent magnet scheme to cut reliance on Chinese imports and build domestic capacity for critical sectors. The seven year program supports manufacturing for EVs, wind energy, electronics and defence applications, where magnets are essential components. The initiative also strengthens India’s geopolitical positioning by reducing exposure to supply disruptions.
Tags:
- policy
- rare earths
positive
5 days agoIndia’s rare earth magnet plan aims to reduce strategic dependence on China
India approved a ₹7,280-crore rare earth permanent magnet scheme to cut reliance on Chinese imports and build domestic capacity for critical sectors. The seven year program supports manufacturing for EVs, wind energy, electronics and defence applications, where magnets are essential components. The initiative also strengthens India’s geopolitical positioning by reducing exposure to supply disruptions.
Tags:
- policy
- rare earths
1 min read
54 words
India’s new rare earth magnet scheme targets domestic capacity, reduced dependence on China and improved resilience for defence, EVs, electronics and energy sectors.
India approved a ₹7,280-crore rare earth permanent magnet scheme to cut reliance on Chinese imports and build domestic capacity for critical sectors. The seven year program supports manufacturing for EVs, wind energy, electronics and defence applications, where magnets are essential components. The initiative also strengthens India’s geopolitical positioning by reducing exposure to supply disruptions.
India approved a ₹7,280-crore rare earth permanent magnet scheme to cut reliance on Chinese imports and build domestic capacity for critical sectors. The seven year program supports manufacturing for EVs, wind energy, electronics and defence applications, where magnets are essential components. The initiative also strengthens India’s geopolitical positioning by reducing exposure to supply disruptions.
Tags:
- policy
- rare earths
- policy
- rare earths
- manufacturing
- geopolitics
Nov 27, 2025 • 07:01