27
Nov
Cabinet Approves Rs.7,280 Crore Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnets (REPM) #RareEarthMagnets #AtmanirbharBharat #MakeInIndia #NetZero2070 #REPM #ElectricVehicles #ViksitBharat #CabinetDecision #StrategicManufacturing #GreenEnergy New Delhi: The Union Cabinet chaired by Prime Minister Shri Narendra Modi today approved the 'Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnets' with a financial outlay of Rs.7280 crore. This first-of-its-kind initiative aims to establish 6,000 Metric Tons per Annum (MTPA) of integrated Rare Earth Permanent Magnet (REPM) manufacturing in India, thereby enhancing self-reliance and positioning India as a key player in the global REPM market. REPMs are one of the strongest…