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India Plans Incentives to Create Stockpiles of Rare Earth Magnets
June 06, 2025
|Hindustan Times Ranchi
The Move Comes as Auto Cos the World Over Flag Risks of Supply Disruptions Within Days
NEW DELHI: India is holding talks with companies to establish long-term stockpiles of rare earth magnets by offering fiscal incentives for domestic production, people familiar with the matter said.
Building such a supply chain could take years, but would reduce India's dependence on shipments from China, which sent shockwaves across global industries, particularly autos, with its April 4 move to curb exports of rare earth materials.
هذه القصة من طبعة June 06, 2025 من Hindustan Times Ranchi.
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