In Short : Around 25 companies, including JSW Group and NLC India, participated in a pre-bid meeting for a ₹7,280 crore rare earth magnet manufacturing scheme. The initiative aims to boost domestic production, reduce import dependence, and strengthen supply chains for clean energy and electric mobility sectors. The programme is expected to encourage investments, technology […]
₹7,280 Crore Rare Earth Magnet Scheme Advances as Centre Prepares RfP to Strengthen Strategic Manufacturing – EQ
In Short : India’s ₹7,280 crore rare earth magnet manufacturing scheme has moved closer to implementation as the Centre prepares to issue a Request for Proposal. The initiative aims to build domestic capabilities in critical materials, reduce import dependence, support clean energy and electric mobility sectors, and strengthen India’s strategic and industrial resilience in key […]
