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REPM Scheme Boosts India Rare Earth Magnets

REPM Scheme Boosts India’s Rare Earth Magnet Manufacturing Why in the News? The Union government has approved over ₹7,000 crore under the REPM scheme to build India’s first integrated domestic ecosystem for rare earth permanent magnets, reducing import dependence and strengthening strategic sectors like EVs, renewables and defence. This development comes as the government emphasizes …