Tag: Rare Earth Permanent Magnet

India to commence production of rare-earth permanent magnet within this year: Mines Minister G. Kishan Reddy

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India to commence production of rare-earth permanent magnet within this year: Mines Minister G. Kishan Reddy

Mines Minister G. Kishan Reddy at a critical minerals summit of the industry body Federation of Indian Chambers of Commerce & Industry (FICCI). Photo: X/@kishanreddybjp India will commence production of rare-earth permanent magnet within this year, Union Minister for Mines G. Kishan Reddy stated Thursday (February 19, 2026). Rare-earth permanent magnets are among the strongest…

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Union Cabinet approves Rare Earth Permanent Magnet manufacturing scheme worth ₹7,280 crore

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Union Cabinet approves Rare Earth Permanent Magnet manufacturing scheme worth ₹7,280 crore

Union Minister Ashwini Vaishnaw during Cabinet decision briefing on November 26, 2025. Photo: YouTube/PIB India The Union Cabinet on Wednesday (November 26, 2025) approved the ‘Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnets’ with a financial outlay of ₹7,280 crore. At present, India’s demand for REPMs is met primarily through imports. “This first-of-its-kind…

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