Countering China: India eyes Rs 1,345 crore scheme on rare earth...

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Countering China: India eyes Rs 1,345 crore scheme on rare earth magnets; Indian companies express interest

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India is set to focus on domestic production of rare earth magnets with a Rs 1,345 crore investment, aiming to reduce reliance on China, which controls a huge chunk of global processing. This move follows China's export restrictions on these crucial materials.

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