Countering China: India eyes Rs 1,345 crore scheme on rare earth magnets; Indian companies express interest
India is set to focus on domestic production of rare earth magnets with a Rs 1,345 crore investment, aiming to reduce reliance on China, which controls a huge chunk of global processing. This move follows China's export restrictions on these crucial materials.
India is set to focus on domestic production of rare earth magnets with a Rs 1,345 crore investment, aiming to reduce reliance on China, which controls a huge chunk of global processing. This move follows China's export restrictions on these crucial materials. What's Your Reaction?
