Rare earths set to get up to Rs 5,000 crore incentive scheme
- Posted on June 19, 2025
- By Business News Today
- 3 Views
Rare earths set to get up to Rs 5,000 crore incentive scheme
India is set to approve a ₹3,500-5,000 crore scheme to incentivise domestic production of rare earth minerals and magnets, aiming to reduce reliance on Chinese imports. This decision follows concerns raised by industries like automotive and renewable energy, which heavily depend on these critical materials.
