Rare Earth Magnet Manufacturing Scheme
Sector: Wind • Location: India
Source: Manufacturing Today India
The Centre has launched a ₹7,280 crore scheme to promote manufacturing of sintered rare earth permanent magnets in India. The scheme aims to establish integrated rare earth permanent magnet production facilities with a capacity of 6,000 metric tonnes per annum. It seeks to strengthen the domestic manufacturing ecosystem for critical materials used in sectors such as electric vehicles, wind turbine
- Status
- Prospective
- Sector
- Wind, Aerospace & Defense, Electric Vehicles (EVs), Government, Manufacturing (Industrial), Automotive
- Location
- India
- Updated
- 22 Jul 2026
- Source
- Manufacturing Today India
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Project Information
Participants
| Not available for this record. |
Status
Original status | planned |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | The Centre has launched a ₹7,280 crore scheme to promote manufacturing of sintered rare earth permanent magnets in India. The scheme aims to establish integrated rare earth permanent magnet production facilities with a capacity of 6,000 metric tonnes per annum. It seeks to strengthen the domestic manufacturing ecosystem for critical materials used in sectors such as electric vehicles, wind turbines, consumer electronics, aerospace, and defence systems, reducing import dependence and positioning India as a global manufacturing base. |
Original sector | Metals & Mining |
Budget |
Location
Country | India |
Source
Source | Manufacturing Today India |
URL |
More Details
Record type | Project |
Sector | Wind, Aerospace & Defense, Electric Vehicles (EVs), Government, Manufacturing (Industrial), Automotive |
Article published date | 2026-05-19 |
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