Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnets

Scheme / ProgrammeIN

Rs 7,280 cr scheme (Nov 2025) to build 6,000 MTPA NdFeB magnet capacity; India's instrument to close the magnet import gap.

AI Infrastructure Critical Minerals Defence

Relationships

Beneficiary ofMinistry of Heavy Industries
Invests inVedanta Limited
Invests inIREL (India) Limited
Competes withPeople's Republic of China
Invested in byVedanta Limited
Invested in byHindustan Zinc Limited
Supplied byRare Earth Elements / Neodymium-Praseodymium

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