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

Get latest articles and stories on Business at LatestLY. 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 Minister Narendra Modi, on Wednesday approved the 'Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnets' with a financial outlay of Rs 7,280 crore Business News | Experts Rally Behind Cabinet's Push for Rare Earth Permanent Magnet Production, CEA Stresses Self-reliance in Sector.

Get latest articles and stories on Business at LatestLY. 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 self-reliance and positioning India as a key player in the global REPM market, Cabinet said in a statement. Business News | Cabinet Approves Rs 7280 Crore Rare Earth Permanent Magnets Scheme to Enhance Self-reliance, Promote REPM Ecosystem.