India To Roll Out Incentives For Local Rare Earth Magnet Production: Union Minister

India is taking a decisive step to reduce its heavy reliance on Chinese rare earth magnets by preparing a new incentive scheme that will boost domestic production of these critical components, Union Heavy Industries and Steel Minister HD Kumaraswamy announced on Friday.Speaking in a video address at the annual convention of the Automotive Component Manufacturers Association (ACMA), the minister
India is taking a decisive step to reduce its heavy reliance on Chinese rare earth magnets by preparing a new incentive scheme that will boost domestic production of these critical components, Union Heavy Industries and Steel Minister HD Kumaraswamy announced on Friday.Speaking in a video address at the annual convention of the Automotive Component Manufacturers Association (ACMA), the minister
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