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Economy / The Economic Times

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Govt may call bids for rare earth facilities by January end

India is set to launch a major initiative to boost domestic production of rare earth permanent magnets. Bids for manufacturing facilities will be invited by January under a 7,280-crore incentive scheme. This move aims to achieve self-reliance in a sector crucial for electric vehicles, renewable energy, and defence.

3 Dec 2025 12:08 am