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Government Approves Rs 7,300 Crore Rare Earth Magnet Scheme To Cut China Reliance
The Union Cabinet on Wednesday approved the Rare Earth Permanent Magnet manufacturing scheme with an outlay of Rs 7,280 crore to build a domestic supply chain and reduce import dependence on China. The scheme will promote manufacturing of sintered magnets and create capacity for 6,000 metric tonnes per annum. Five units of 1,200 MTPA each will ...
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