Proposals for investments from Land Bordering Countries (LBC) in specified sectors or activities, that include rare earth permanent magnets, shall be processed and decided within 60 days under the relaxed FDI norms under the Press Note 3, government officials said on Wednesday
Union Minister of Electronics and Information Technology Ashwini Vaishnaw held discussions with Nobel Laureate Professor Konstantin Novoselov and Rajat Verma, CEO of Lohum, on the manufacturing of 2D materials for use in electronics and the recycling of critical components such as permanent
Speaking at the workshop on "Beach Sand Minerals to Titanium, Rare Earth Elements and RE Permanent Magnets - Building Domestic Value Chains in Andhra Pradesh" held at Novotel Vijayawada Varun, the Minister said, "Andhra Pradesh must move beyond mineral extraction and build end-to-end valu
India aims to focus on domestic manufacturing of sintered rare earth permanent magnets used in electric vehicles as part of a broader push to deepen its electric mobility, clean manufacturing ecosystem and reduce import dependence, Union Heavy Industries Minister HD Kumaraswamy said today.
Samsung is preparing to enhance the wireless charging capabilities of its upcoming Galaxy S26 smartphone series, though the absence of a built-in magnetic alignment is likely to disappoint some users, as per GSM Arena.
Noting that critical minerals, rare earths, and permanent magnets are a very important part of manufacturing sector today, Union Minister Electronics and Information Technology has hailed the Union Budget's announcement of Rare Earth Corridors to support the mineral-rich states and said i
The Government had approved the 'Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnet' with a financial outlay of Rs 7,280 crore. The scheme aims to establish 6,000 metric tonnes per annum (MTPA) of integrated REPM manufacturing capacity in India, covering the full chai
In his inaugural address, the Minister emphasised that the Scheme represents a pivotal step towards establishing a self-reliant, resilient, and globally competitive ecosystem for REPMs, aligning with the vision of Viksit Bharat @2047.
He said this move will place India among the allied group of nations with the capability to produce these critical components domestically, reducing dependence on imports and enhancing strategic autonomy.
With an aim to enhance self-reliance and position India as a key player in the global REPM market, the Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the 'Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnets' with a financial outlay of Rs
India will become self-reliant in rare earth magnets in three-to-four years, Union Minister Ashwini Vaishnaw said on Wednesday, after he announced that the Union Cabinet has approved a Rs 7,280 crore scheme to promote the manufacturing of sintered Rare Earth Permanent Magnets
This first-of-its-kind initiative aims to establish 6,000 Metric Tons per Annum (MTPA) of integrated Rare Earth Permanent Magnet (REPM) manufacturing in India, thereby enhancing self-reliance and positioning India as a key player in the global REPM market, Cabinet said in a statement.