Cabinet approves Rs 7280 crore Rare Earth Permanent Magnets scheme to enhance self-reliance, promote REPM ecosystem

Nov 26, 2025

This first-of-its-kind initiative aims to establish 6,000 Metric Tons per Annum (MTPA) of integrated Rare Earth Permanent Magnet (REPM) manufacturing in India, thereby enhancing...

Budget 2026: Odisha, Kerala, Andhra, Tamil Nadu to have dedicated rare earth corridors

Feb 01, 2026

The Government had approved the 'Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnet' with a financial outlay of Rs 7,280 crore. The...

Experts rally behind Cabinet's push for Rare Earth Permanent Magnet production, CEA stresses self-reliance in sector

Nov 26, 2025

With an aim to enhance self-reliance and position India as a key player in the global REPM market, the Union Cabinet, chaired by Prime...

India's manufacturing sector demonstrates resilience, July manufacturing PMI at 58.1%

Aug 01, 2024

India's manufacturing sector demonstrated impressive resilience in July 2024, as indicated by the HSBC India Manufacturing PMI report, which recorded a strong reading of...

IMTEX, Tooltech & Digital Manufacturing 2025: An exhibition of India's manufacturing prowess

Dec 26, 2024

Bengaluru (Karnataka) [India], December 26: India's manufacturing ecosystem is undergoing rapid changes with the onset of new and emerging technologies to meet domestic and...

India's economic growth accelerates in October as PMI rises to 58.6

Oct 24, 2024

The manufacturing sector led the growth, with the HSBC Flash India Manufacturing PMI climbing to 57.4 from 56.5, while the Manufacturing Output Index reached...