Centre weighs sops to boost rare earth processing

India's rare earth processing capabilities are likely to receive government support, a senior official said on Tuesday, with efforts underway to source rare earth magnets from Vietnam and Japan.

- Manas Pimpalkhare & Swarnali Mukherjee

"The total quantum of investment needed for a rare earth processing is being worked out, how much support will be needed is being worked out. Stakeholder consultations are ongoing, and there have been a variety of responses. Some want 50% incentive, some want 20%," the official said, adding that the proposed support would cover processing rare earth oxides into magnets.