Govt to ramp up rare earth magnet manufacturing to counter...

added a post in Business

2025-06-27 10:50:14 -

Govt to ramp up rare earth magnet manufacturing to counter China's export curbs

India is intensifying domestic rare earth magnet production amid China's export restrictions, impacting sectors like automobiles and electronics. The government, industry, and academia are collaborating to achieve competitive pricing, with technology transfer agreements underway. This push aims to build scalable infrastructure and reduce reliance on Chinese imports, ensuring supply chain...

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