· Electronics & Manufacturing · Source: economictimes.indiatimes.com

Japan company to set up rare earths magnet unit in Andhra Pradesh

Japan-based company plans to set up a rare earths magnet manufacturing unit in Andhra Pradesh, strengthening India’s critical minerals and EV supply chain ecosystem. The project aims to boost domestic value addition in strategic materials used in electric vehicles, renewable energy and electronics. The initiative is expected to attract further high-tech investments and support Andhra Pradesh’s emergence as a key hub for advanced manufacturing and clean energy industries.

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