In a decisive move to strengthen India’s self-reliance in high-technology manufacturing, the Union Cabinet chaired by Prime Minister Narendra Modi has approved a ₹7,280-crore scheme aimed at promoting the product of sintered Rare Earth Permanent Attractions (REPM). This corner decision is set to transfigure India’s position in the global force chain of REPMs, which serve as critical factors in electric vehicles, renewable energy systems, electronics, aerospace technology, and defense operations.
This recently approved scheme marks the first combined public effort to establish a large-scale, completely integrated REPM manufacturing ecosystem within India. The action seeks to achieve a periodic product capacity of 6,000 metric tons per annum (MTPA) of these high-performance attractions, a significant step toward reducing India’s heavy import dependence. At present, the country relies nearly entirely on significances to meet its REPM needs, despite rapidly growing domestic demand across strategic and marketable sectors.
Rare Earth Permanent Attractions are known for being among the strongest types of endless attractions available encyclopedically. They’re necessary for technologies that are central to ultramodern artificial advancement, including electric vehicle powertrains, wind turbine creators, artificial robotization systems, medical outfits, satellite factors, and colorful defense technologies. With India’s clean energy intentions and electric mobility plans accelerating, the demand for REPMs is projected to double by 2030, compared to current consumption situations in 2025.
Feting the strategic significance of this element, the Government of India has designed the scheme to ensure that the country develops upstream and downstream capabilities. Under the program, the manufacturing value chain will cover all stages—from converting rare earth oxides into essence, recycling those essences into blends, and also producing finished sintered attractions that meet global quality norms. Such a completely integrated manufacturing structure is anticipated to produce a robust and self-sufficient ecosystem able to feed both domestic and transnational requests.
The fiscal armature of the scheme includes two major factors. ₹ 6,450 crore allocated as deal-linked impulses for a period of five times, and a fresh ₹ 750 crore as capital subvention to support the establishment of manufacturing installations. These impulses aim to attract leading domestic and global companies while encouraging technological invention and long-term investments. By making large-scale products economically feasible, the government expects the scheme to catalyze advanced manufacturing, promote exploration and development, and enable Indian diligence to contend with established global players.
The scheme proposes to allocate the total 6,000 MTPA capacity among five heirs through a global competitive bidding process. Each named reality will admit an allocation of over 1,200 MTPA, inciting healthy competition and precluding request monopolization. This devisee-grounded structure is designed not only to expand the manufacturing base but also to encourage multiple players to develop and borrow slice-edge technologies for producing REPMs with high glamorous strength, performance stability, and effectiveness.
The approved scheme will run for a total duration of seven times, starting from the date of award. Of these, the first two times will serve as the gravidity period for setting up the integrated manufacturing shops. The following five times will be devoted to the disbursement of performance-grounded impulses linked to the trade of domestically manufactured REPMs. The structured timeline aims to ensure that installations are set up efficiently and production begins within the planned schedule, allowing diligence and the government to begin reaping the benefits at the foremost.
Beyond its artificial counteraccusations, this action carries significant public and strategic applicability. Rare earth factors have surfaced as one of the most critical coffers in global geopolitics, especially as countries race to make renewable energy structures, electric mobility fabrics, and advanced armament systems. India’s dependence on significances for REPMs has long been linked as a vulnerability, especially given the complex global force chain terrain girding rare earth accoutrements. By establishing a domestic manufacturing ecosystem, India won’t only secure a continued force for its diligence but also strengthen its strategic autonomy in crucial sectors.
The scheme aligns nearly with India’s broader experimental pretensions and global commitments. By localizing the product of REPMs, the action supports India’s transition to clean energy and its long-term goal of achieving net zero emigrations by 2070. REPMs are essential in wind turbines and electric vehicles—two pillars of low-carbon metamorphosis. As domestic product scales up, India will be more disposed to expand its renewable energy capacity and electric mobility structure without counting on foreign force chains.
In addition, the action is anticipated to induce substantial employment openings across the value chain, from mining and metallurgy to high-technology manufacturing and quality testing. It’s anticipated that the scheme will foster collaboration between industry, academia, and exploration institutions, enabling invention in accoutrements, wisdom, and attraction technology.
With this bold policy step, the Government of India continues its drive toward erecting a technologically advanced, encyclopedically competitive, and sustainable artificial ecosystem. The Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Attractions is further than an artificial strategy; it is a strategic investment in India’s future. It reflects the vision of Viksit Bharat @ 2047, emphasizing self-reliance, technological leadership, and sustainable development.
As India positions itself as a rising power in manufacturing and invention, the establishment of integrated REPM product installations represents a transformative corner. The scheme is anticipated to reshape the nation’s artificial capabilities, reduce import dependence, strengthen strategic diligence, and place India forcefully on the global chart as a dependable supplier of high-quality Rare Earth Permanent Attractions.
India
Manufacturing
Rare earth magnet
REPM
