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Centre invites bidders to set up rare earth magnet plants
Mint Mumbai
|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.
Dit verhaal komt uit de March 21, 2026-editie van Mint Mumbai.
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