Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Centre invites bidders to set up rare earth magnet plants
Mint New Delhi
|March 21, 2026
₹7,250 crore incentive scheme for five plants aims to secure supply chain, build local capacity
The move aims to counter global supply disruptions and China's dominance in rare earth processing.
(REUTERS)
The Centre on Friday launched a ₹7,280-crore incentive programme, inviting bidders to build five rare-earth magnet plants to secure its critical mineral supply chain.
The scheme aims to build local capacity for a crucial component used in sectors such as defence, electronics, renewable energy, and automobiles.
This story is from the March 21, 2026 edition of Mint New Delhi.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint New Delhi
Mint New Delhi
West Asia woes leave D-St in the red for a third week
Markets see modest recovery on Friday as US, Israel signal Iran's oil infra won't be targeted
2 mins
March 21, 2026
Mint New Delhi
Rentomojo gears up for IPO, to raise ₹1,000 cr
Furniture rental startup Rentomojo is expected to file its draft papers in the coming weeks for a listing to raise about ₹1,000-1,200 crore, three people familiar with the matter said.
1 min
March 21, 2026
Mint New Delhi
Ann Lee's life inspires a wild, vivid musical
'The Testament of Ann Lee', starring Amanda Seyfried, is a musical unlike any other in years
3 mins
March 21, 2026
Mint New Delhi
Following Feluda in Jaisalmer
Many years ago a Bengali director came here to make a film.
1 mins
March 21, 2026
Mint New Delhi
Carbon plan for steel slows as emission data gaps force reset
India’s plan to bring its steel industry under a domestic carbon trading market has slowed after inconsistencies surfaced in emissions data collected from steel plants, forcing the government to reverify the baseline needed to set reduction targets and allocate credits, said two steel ministry officials in the know.
2 mins
March 21, 2026
Mint New Delhi
A rather sorry case of art perverting life
Neither a successful whodunit nor genuinely funny, Pakistani writer Mohammed Hanif's new novel is riddled with clichés and poor writing
5 mins
March 21, 2026
Mint New Delhi
Centre invites bidders to set up rare earth magnet plants
₹7,250 crore incentive scheme for five plants aims to secure supply chain, build local capacity
1 mins
March 21, 2026
Mint New Delhi
Farmers on returns hunt turn to rice, maize as cotton fades
Declining cotton area, production threaten India’s textile industry, export competitiveness
2 mins
March 21, 2026
Mint New Delhi
Innovation edge anchors Emcure’s semaglutide push
Emcure Pharmaceuticals, which is bringing Novo Nordisk's blockbuster semaglutide to India in an exclusive partnership, is banking on the perceived superiority and brand recognition of the innovator molecule, as a steady stream of weight-loss generics prepare for launch.
1 mins
March 21, 2026
Mint New Delhi
Journeys to the start of the story
In Bengaluru's Terminal 2 (where I spend far too many hours) is a corridor leading to the restrooms that's lined with vintage posters from what's now called the “golden age of travel”.
1 mins
March 21, 2026
Listen
Translate
Change font size