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India Launches Scheme for Rare Earth Magnet Manufacturing

India Launches Scheme for Rare Earth Magnet Manufacturing Why in the News ? The Union Cabinet has approved a major scheme to promote Rare Earth Permanent Magnet manufacturing, with an outlay of ₹7,280 crore, aimed at reducing import dependence and supporting sectors like EVs, renewable energy, defence, and electronics, alongside approving key metro and railway …

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