India
India Unveils ₹7,300-Crore Scheme to Forge Rare Earth Magnet Independence Amidst China's Curbs
India is embarking on an ambitious journey to become a global player in rare earth magnet production, with the Ministry of Finance approving a substantial ₹7,300-crore scheme. This strategic initiative aims to significantly boost domestic manufacturing capabilities, reducing the nation's critical reliance on foreign supply chains, particularly