Union Cabinet Okays Rs 7,280 Crore Scheme For Manufacturing Rare Earth Permanent Magnets

Nov 26, 2025 - 19:24
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Union Cabinet Okays Rs 7,280 Crore Scheme For Manufacturing Rare Earth Permanent Magnets
This first-of-its-kind initiative aims to establish 6,000 metric tons per annum of integrated rare earth permanent magnet (REPM) manufacturing capacity in India, thereby enhancing self-reliance and positioning India as a key player in the global market, according to a Cabinet communique.  

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