Page 44 - NIS English 16-31 December, 2025
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Union Cabinet Decisions
Indigenous Integrated REPM
Factory to Make a Foray in India
DECISION: Approval of a r7,280 crore project
to promote sintered rare earth permanent
magnet manufacturing.
Scan the QR code to watch the press IMPACT: This one-of-a-kind initiative aims to
briefing on Cabinet decisions.
establish an integrated REPM manufacturing ca-
pacity of 6,000 metric tons per year in India. This
decision will further strengthen India’s national
The Union Cabinet approved a plan capabilities in strategic sectors such as renewable
to establish India’s first integrated energy, e-mobility, defense, and space. High-tech
ecosystem for sintered rare manufacturing will be encouraged, leading to
earth permanent magnet (REPM) increased self-reliance. India will be positioned
manufacturing. This REPM ecosystem as a major manufacturing country in the global
will make India a manufacturing REPM market. Sintered rare-earth permanent
magnets are the most powerful permanent
hub for electric vehicles, renewable magnets made from alloys of rare-earth elements
energy, electronics, aerospace, such as neodymium and samarium. India’s REPM
and defense applications. This will consumption is expected to double between 2025
generate significant employment and 2030, driven by rapidly growing demand for
for youth. Furthermore, the Union electric vehicles, renewable energy, industrial ap-
Cabinet also approved the Pune plications, and consumer electronics. Currently,
Metro Rail Project Phase-2 and two India’s REPM demand is primarily met through
imports. The scheme has to be completed in 7
railway multi-tracking projects... years from the date of award.
42 NEW INDIA SAMACHAR || December 16-31, 2025
