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The Economic Times

Economy / The Economic Times

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Japanese company Proterial plans to make magnets & more in India

Proterial, a Japanese supplier of advanced materials, is exploring India as a site to manufacture rareearth magnets and cuttingedge EV magnets. With government incentives underpinning investment, the move could strengthen local production and supplychain resilience. India is part of Proterials broader market assessment as it maps out a major manufacturing expansion.

28 Feb 2026 12:56 am