India launches its massive Rare Earth Permanent Magnet (REPM) manufacturing scheme (₹7,280 crore) to secure future supply chains. This strategic initiative targets electric vehicle (EV) motors, wind turbines, and defence tech, directly challenging China’s export curbs and driving self-reliance in critical minerals. The roadmap for Viksit Bharat 2047 starts here.
India Rare Earth Magnet Manufacturing Scheme China
The Union Cabinet has taken a definitive step toward insulating India’s high-tech future from global supply chain volatility, particularly from China’s export curbs. In a landmark decision, the government approved a massive financial outlay of ₹7,280 crore to establish a domestic ecosystem for manufacturing Rare Earth Permanent Magnets (REPMs). This program is not merely an industrial push; it is a critical strategic intervention essential for achieving the ambitious goals of Viksit Bharat 2047 and the Net Zero 2070 commitments.
The scheme’s central objective is to create a fully integrated domestic capacity of 6,000 Metric Tonnes Per Annum (MTPA) for REPMs. This includes the entire value chain—from converting raw rare earth oxides into high-purity metals, alloying these metals, and finally producing the finished, powerful magnets. This holistic approach signals a realization that India’s self-reliance in critical minerals must encompass processing and manufacturing, not just mining.
