India is taking decisive steps toward self-reliance in critical materials by establishing a domestic ecosystem for Rare Earth Permanent Magnets - high-performance magnets essential for electric vehicles, wind turbines, electronics, aerospace, and defence. To support this goal, the government approved a ₹7,280 crore scheme to develop 6,000 MTPA of integrated REPM manufacturing capacity in November 2025, covering the full value chain from rare-earth oxides to finished magnets.
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