Government to promote private players for rare earth magnet production, says G Kishan Reddy
Jul 12, 2025
While talking to ANI, the union minister said, "For this, the Indian government has also started some PLI schemes to encourage it. We are paying attention to this subject. The Prime Minister has continuously discussed this subject. Recently, during his visit to 5 countries, discussions were held with different countries on this subject. The raw material of rare earth is also available in smaller quantities in India. Importing raw materials, processing them, and manufacturing permanent magnets for various applications, including cell phones, space technology, and defence, creates a huge demand. The Indian government is working seriously for this. This scheme has also been brought under it."