India’s ₹7,280 Crore REPM Scheme: Breaking China’s Rare Earth Dominance

India’s Union Cabinet has approved a ₹7,280 crore scheme to promote the manufacturing of sintered rare earth permanent magnets (REPM), marking the first integrated domestic ecosystem for these critical components.​The initiative targets a production capacity of 6,000 metric tons per annum (MTPA), allocated to five beneficiaries through global competitive bidding, with each eligible for up to
India’s Union Cabinet has approved a ₹7,280 crore scheme to promote the manufacturing of sintered rare earth permanent magnets (REPM), marking the first integrated domestic ecosystem for these critical components.​The initiative targets a production capacity of 6,000 metric tons per annum (MTPA), allocated to five beneficiaries through global competitive bidding, with each eligible for up to
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