India, April 2 -- The Government of India has issued a release:
Atomic Minerals Directorate for Exploration and Research (AMD), a constituent unit of the Department of Atomic Energy (DAE), has established the following REE resources in the country:
India is not dependent on other countries for RE minerals. However, India is dependent for RE magnets and other related products. This is on account of:
The Union Cabinet approved the 'Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnet' on 26th November, 2025 and the same was notified on 15th December, 2025. This initiative aims to establish 6,000 Metric Tons per annum (MTPA) of sintered Rare Earth Permanent Magnet (REPM) manufacturing in India, thereby enhancing self-reliance and positioning India as a key player in the global REPM market.
The total financial outlay of the scheme is Rs. 7,280 crore, comprising a sales-linked incentives of Rs. 6,450 crore on REPM sales for five (5) years and capital subsidy of Rs. 730 crore for setting up an aggregate of 6,000 MTPA of REPM manufacturing facilities.
Rare Earth Permanent Magnets (REPMs) are one of the most powerful magnets available and are essential components in electric vehicles, renewable energy technologies, high-end electronics, aerospace equipment, and defence systems. The scheme seeks to establish end-to-end REPM manufacturing capabilities within the country, from processing rare earth oxides, to producing metals and alloys, and finally manufacturing finished magnets.
To make India a magnet major, the Government of India has undertaken the following initiatives:
This information was submitted by Union Minister of State (Independent Charge) for Earth Sciences and Science & Technology Dr. Jitendra Singh in Rajya Sabha on 2nd April 2026.
Disclaimer: Curated by HT Syndication.
