In Short : The Indian government is expected to open bidding by the end of January for setting up rare earth magnet manufacturing plants. This move aims to strengthen domestic production of critical materials essential for electric vehicles, renewable energy, and high-tech industries. The initiative supports India’s strategic push for self-reliance in advanced manufacturing and […]
HDK Proposes Fiscal Incentives to Boost Domestic Rare Earth Magnet Manufacturing – EQ
In Short : Union Minister HDK (H. D. Kumaraswamy) indicated that fiscal incentives are being considered to promote the local manufacturing of rare earth magnets in India. The move aims to reduce import dependence, strengthen the domestic supply chain for critical materials, and support sectors like renewable energy, electric vehicles, and advanced electronics, aligning with […]