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Cabinet nod to ₹7.2k-cr rare earth magnet production plan
Hindustan Times Jaipur
|November 27, 2025
The Union Cabinet on Wednesday approved a scheme to promote manufacturing of rare earth permanent magnets with an outlay of ₹7,280 crore.
The ‘Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnets’ was approved at a Cabinet meeting chaired by Prime Minister Narendra Modi. “The scheme will promote manufacturing of rare earth permanent magnets. The aim is to create capacity of 6,000 MTPA (metric tonne pe
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