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Cabinet Clears Rs 7,280 Crore Rare Earth Magnet Scheme To Cut China Dependence

India has taken a major step toward reducing its dependence on imported critical technologies by approving a new national programme for manufacturing sintered rare earth permanent magnets. These magnets are essential components used in electric vehicle motors, renewable energy systems, advanced electronics and defence platforms. The Union Cabinet cleared a financial package of Rs 7,280 crore to establish a fully integrated domestic supply chain capable of producing 6,000 metric tonnes per yea

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26 Nov 2025 07:02 AM 259 views

Cabinet Clears Rs 7,280 Crore Rare Earth Magnet Scheme To Cut China Dependence

India has taken a major step toward reducing its dependence on imported critical technologies by approving a new national programme for manufacturing sintered rare earth permanent magnets. These magnets are essential components used in electric vehicle motors, renewable energy systems, advanced electronics and defence platforms. The Union Cabinet cleared a financial package of Rs 7,280 crore to establish a fully integrated domestic supply chain capable of producing 6,000 metric tonnes per yea

Global News

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Cabinet Clears Rs 7,280 Crore Rare Earth Magnet Scheme To Cut China Dependence

Cabinet Clears Rs 7,280 Crore Rare Earth Magnet Scheme To Cut China Dependence

Allu Arjun Faces Investigation After Stampede Tragedy at Hyderabad Theatre

Shubhanshu Shukla Powers ISRO's Gaganyaan with Algae Test

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Priyanka Gandhi to Take Oath as MP on Day 4 of Winter Session

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Allu Arjun Faces Investigation After Stampede Tragedy at Hyderabad Theatre

Shubhanshu Shukla Powers ISRO's Gaganyaan with Algae Test

Driverless Robotaxis Go Global in 2025 but the Self-Driving Dream Faces New Challenges

United States ends penny production after 232 years, final coins may fetch millions

Steve Jobs’ 1974 Letter on Spirituality Fetches $500K, Revealing His Kumbh Mela Aspirations

Sustainable and Eco-Friendly Real Estate Development

Amul Slashes One-Litre Milk Prices Across India by Rs 1

Inflation and Employment Trends: How Biden’s Economy Has Evolved in 2025

Priyanka Gandhi to Take Oath as MP on Day 4 of Winter Session

All-You-Can-Eat Steakhouse With Sushi And Table Grilling Opens In Pleasanton

#repmindia

Cabinet Clears Rs 7,280 Crore Rare Earth Magnet Scheme To Cut China Dependence

Cabinet Clears Rs 7,280 Crore Rare Earth Magnet Scheme To Cut China Dependence

Allu Arjun Faces Investigation After Stampede Tragedy at Hyderabad Theatre

Shubhanshu Shukla Powers ISRO's Gaganyaan with Algae Test

Driverless Robotaxis Go Global in 2025 but the Self-Driving Dream Faces New Challenges

United States ends penny production after 232 years, final coins may fetch millions

Steve Jobs’ 1974 Letter on Spirituality Fetches $500K, Revealing His Kumbh Mela Aspirations

Sustainable and Eco-Friendly Real Estate Development

Amul Slashes One-Litre Milk Prices Across India by Rs 1

Inflation and Employment Trends: How Biden’s Economy Has Evolved in 2025

Priyanka Gandhi to Take Oath as MP on Day 4 of Winter Session

All-You-Can-Eat Steakhouse With Sushi And Table Grilling Opens In Pleasanton

Popular Cities