Cabinet Approves Rs.7,280 Crore Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnets (REPM)
First-of-its-kind initiative by the Government of India to promote REPM ecosystem, enhancing self-reliance and positioning India as a key player in the global REPM market The scheme will promote domestic manufacturing of 6,000 MTPA of sintered REPM, strengthen supply chains for the automotive, defence, and aerospace sectors, and support the Atmanirbhar Bharat Abhiyan and India’s…
