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Cabinet clears rare earth magnet incentive scheme
Financial Express Chennai
|November 27, 2025
· Homegrown value chain for sunrise industries
THE UNION CABINET on Wednesday approved an incentive scheme for rare earth permanent magnets (REPM) manufacturing with a corpus of ₹7,280 crore.
The Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnets is touted as India's answer to China's stronghold over the global REPM supply chain.
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