Strengthening India’s Critical Mineral Security
India has approved a ₹7,000 crore incentive scheme to promote the domestic manufacturing of sintered rare earth permanent magnets, marking a decisive move to secure its critical mineral supply chains. The initiative is aimed at reducing import dependence, particularly on China, while supporting sectors crucial to national security, clean energy transition and advanced manufacturing.
Month: Current Affairs - December 29, 2025
Category: Critical Minerals