Cabinet Clears Rs 7,280-Crore Scheme To Boost Rare Earth Magnet Manufacturing Amid China’s Export Curbs
Last Updated:November 26, 2025, 6:18 PM IST The Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnets aims to create a REPM manufacturing capacity of 6,000 MTPA, in order to reduce import dependence. Information and Broadcasting Minister Ashwini Vaishnaw briefs reporters on the Cabinet decisions today. The Union Cabinet, chaired by Prime Minister Narendra…