Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnets
Rs 7,280 cr scheme (Nov 2025) to build 6,000 MTPA NdFeB magnet capacity; India's instrument to close the magnet import gap.
Scheme / ProgrammeAI InfrastructureCritical MineralsDefence
Proprietary scores
Strategic profile
Industrial importance5/5
Initial score derived from current Atlas ecosystem coverage.
Strategic importance4/5
Initial score derived from relationship breadth and entity type.
Import dependency2/5
Domestic entity; dependency must be resolved at component/process level.
Knowledge graph
Mapped relationships
- Beneficiary ofMinistry of Heavy Industries
- Invests inVedanta Limited
- Invests inIREL (India) Limited
- Competes withPeople's Republic of China
- Invests inVedanta Limited
- Invests inHindustan Zinc Limited
- Supplies toRare Earth Elements / Neodymium-Praseodymium