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India launches US$820 million plan to build local rare earth magnet industry

Jingyue Hsiao, DIGITIMES Asia, Taipei 0

Credit: AFP

India has announced a major push to localize production of rare earth permanent magnets (REPM), unveiling an INR72.80 billion (US$820 million) scheme aimed at reducing import dependence, building an end-to-end supply chain, and positioning the country...

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