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.
The Union Cabinet is likely to clear a Rs 7,000-crore incentive scheme aimed at boosting domestic manufacturing of rare earth magnets, sources told ANI.
US President Donald Trump blamed his hoarse voice on shouting at officials from a foreign country that sought to change a trade deal. He refused to name the nation and highlighted recent trade talks with China, including tariff reductions and postponed export controls.
India is rapidly strengthening its global electronics footprint, driven by an ambitious mix of free trade agreements (FTAs), targeted policy interventions and rising investor confidence, industry leaders told ANI.
In a detailed piece published in Turkiye Today following his visit to the summit as an observer, Panda said that rare earths, lithium, copper and other minerals essential for renewable technologies have become "political instruments embedded in the strategic ambitions of the Communist Party
The company is aligning deeper domestic exploration with diversification into new resources critical for the energy transition, O P Sinha, Director (Exploration), ONGC Limited, told ANI on Thursday.
The government of India has completed 235 projects on critical minerals, which are way high against 2020-21 completion of 65 projects in the country,
Shiladitya Sengupta, Deputy Director General PSS:P&M Geological Survey of India told ANI today.
"We cannot have any yardstick by which to partner or not to partner. Our idea is to open the floor, actually. Whichever country they want to come and join hands with us, we are ready to take it forward," said R Saravanabhavan, Deputy Adviser (Minerals), NITI Aayog.
India is taking major steps to strengthen its rare earth minerals sector as part of a seven-year national mission aimed at reducing dependence on imports and building a resilient supply chain via State PSUs, said R Saravanabhavan, Deputy Adviser (Minerals), Niti Aayog.
Wing Commander P Madhusoodhanan, Vice President - Aerospace and Defence at Tamil Nadu Industrial Development Corporation Limited (TIDCO), on Friday said that the organization is "working towards ensuring the requirement of the aerospace and defense industries.