· Manufacturing & Investment · Source: business-standard.com

Cabinet greenlights ₹7,280 cr scheme for rare earth magnet manufacturing

The Union Cabinet approved a ₹7,280 crore scheme to establish India’s first integrated rare earth permanent magnet (REPM) manufacturing supply chain, targeting 6,000 TPA capacity. With ₹6,450 crore in sales-linked incentives and ₹750 crore in capital subsidies over seven years, the initiative aims to boost EV, clean energy, electronics, and defence sectors while reducing import dependence and strengthening India’s global competitiveness.

Read source

Bucephalus analysis

Evaluating a similar location, plant, or policy window?

Bucephalus advises on greenfield industrial projects in South India.

Talk to Bucephalus

This page is a curated briefing. The original article belongs to business-standard.com. Bucephalus does not republish the source in full.