Rare earth magnet scheme worth ₹7,280 crore moves closer as Centre readies RfP

Union Minister H D Kumaraswamy announced the scheme aims to build domestic capacity and foster self-reliance, with incentives for sales and capital subsidies for new facilities. The initiative aligns with the 'Viksit Bharat @2047' vision.

Jan 13, 2026 - 20:30
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Rare earth magnet scheme worth ₹7,280 crore moves closer as Centre readies RfP
Union Minister H D Kumaraswamy announced the scheme aims to build domestic capacity and foster self-reliance, with incentives for sales and capital subsidies for new facilities. The initiative aligns with the 'Viksit Bharat @2047' vision.

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