Rare Earth Permanent Magnets Manufacturing Scheme
Sector: Aerospace & Defense • Location: India
Source: Trade Brains
The Indian Government has approved a Rs.7280 crore scheme to promote the manufacturing of rare earth permanent magnets. This investment targets sectors like electric vehicles, renewable energy, defense, and electronics to reduce import dependence by creating an integrated domestic REPM manufacturing ecosystem. The goal is to establish 6000 metric tonnes per annum of integrated REPM by 5 beneficiar
- Status
- Prospective
- Sector
- Aerospace & Defense, Automotive, Manufacturing (Industrial), Electric Vehicles (EVs), Government
- Location
- India
- Updated
- 22 Jul 2026
- Source
- Trade Brains
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Project Information
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Sponsoring Agency |
Status
Original status | planned |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
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Description
Description | The Indian Government has approved a Rs.7280 crore scheme to promote the manufacturing of rare earth permanent magnets. This investment targets sectors like electric vehicles, renewable energy, defense, and electronics to reduce import dependence by creating an integrated domestic REPM manufacturing ecosystem. The goal is to establish 6000 metric tonnes per annum of integrated REPM by 5 beneficiaries, each allocated 1200 MTPA. The project duration is 7 years from the deal date 27 November 2025. |
Original sector | Manufacturing |
Budget |
Location
Country | India |
Source
Source | Trade Brains |
URL |
More Details
Record type | Project |
Sector | Aerospace & Defense, Automotive, Manufacturing (Industrial), Electric Vehicles (EVs), Government |
Article published date | 2025-12-04 |
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