New Delhi, April 13 (IANS) The government has accelerated the push for electric vehicles and strengthened domestic capabilities in critical minerals for clean energy technologies to reduce dependence on oil imports amid volatility in global prices and potential disruptions in supply chains due to the West Asia crisis, according to an official statement issued on Monday. Since the onset of the crisis, the Ministry of Heavy Industries has undertaken coordinated measures to sustain the growth of…
Latest Rare Earth Permanent Magnets News & Updates
New Delhi, April 7 (IANS) The Ministry of Heavy Industries (MHI) on Tuesday organised a pre-bid conference here for prospective bidders under the ‘Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnets’ (REPM), drawing participation from at least 25 companies.During the conference, ministry officials made detailed presentations on the scheme’s contours, key RFP provisions, and procedural aspects of the bidding process.In the event, participant queries were addressed, and bidder…
New Delhi, Feb 4 (IANS) The Atomic Minerals Directorate for Exploration and Research (AMD), a constituent unit of DAE, is carrying out exploration and augmentation of minerals of rare earth group elements along the coastal and inland placer sands as well as in hard rock terrains in several potential geological domains of the country, informed the government.As on January 28, 2026 the rare earth minerals resources estimated by AMD include 136 deposits of Beach Sand Minerals containing 13.15 milli…
New Delhi, Feb 3 (IANS) With coordinated domestic and global initiatives, India is positioning itself as a reliable and competitive player in advanced materials value chains, taking decisive steps toward self-reliance in critical materials by establishing a domestic ecosystem for Rare Earth Permanent Magnets (REPMs), an official statement said on Tuesday.The Rs 7,280 crore REPM Manufacturing Scheme and the Union Budget 2026–27 announcement of Dedicated Rare Earth Corridors together create an i…
New Delhi, Feb 1 (IANS) Giving a thrust to ‘Make in India’ and domestic manufacturing, Finance Minister Nirmala Sitharaman on Sunday announced the launch of the India Semiconductor Mission (ISM) 2.0, while increasing the outlay for electronics component manufacturing to Rs 40,000 crore to strengthen local production and innovation.India’s Semiconductor Mission 1.0 expanded the country’s semiconductor capabilities, and building on this, the government will launch ISM 2.0 to produce equipm…
New Delhi, Jan 13 (IANS) Union Minister for Railways and Electronics and IT, Ashwini Vaishnaw, on Tuesday said that strengthening critical mineral supply chains is vital to enhancing the resilience of India’s manufacturing capabilities, as he participated in the ‘Critical Minerals Ministerial Meeting’ in the United States.Vaishnaw on Sunday arrived in the US to participate in the key meeting hosted by Treasury Secretary Scott Bessent.“Participated in the Critical Minerals Ministerial Mee…
New Delhi, Jan 11 (IANS) Union Minister for Railways and Electronics and IT, Ashwini Vaishnaw, on Sunday arrived in the US to participate in the ‘Critical Minerals Ministerial Meeting’, scheduled to be held on Monday (US time).In a post on social media platform X, Vaishnaw said that “secure critical mineral supply chains are vital for our goal of Viksit Bharat.”“Arrived in Washington, D.C. Will participate in the Critical Minerals Ministerial Meeting tomorrow. Secure critical mineral s…
New Delhi, Dec 27 (IANS) The scheme to promote manufacturing of sintered Rare Earth Permanent Magnets (REPM) aims to enhance India’s participation in global advanced-materials value chains while reducing import dependence, the government said on Saturday.The scheme with a financial outlay of Rs 7,280 crore also aims to enable long-term industrial growth by establishing 6,000 metric tonnes per annum of integrated REPM manufacturing capacity covering the full chain from rare‑earth oxides to fi…