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Cabinet Approves ₹72.8 Billion Rare Earth Permanent Magnets Manufacturing Program

The program promotes the manufacturing of 6,000 MTPA of sintered REPM used in EVs and renewable energy

November 27, 2025

/ Arjun Joshi
/ Other, Renewable Energy
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The Union Cabinet has approved a program to promote the manufacturing of sintered rare earth permanent magnets (REPM) used in electric vehicles and renewable energy, with a financial outlay of ₹72.8 billion (~$815.73 million).

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Arjun Joshi

More articles from Arjun Joshi.
ManufacturingSintered Rare Earth Permanent MagnetsSubsidyunion cabinet
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