India Moves to Build Rare-Earth Magnet Capacity as Supply-Chain Risks Deepen, Says Shaktikanta Das
The Indian government is stepping up efforts to develop domestic rare-earth magnet capacity after global supply-chain vulnerabilities exposed the country’s dependence on imported critical manufacturing inputs, according to Shaktikanta Das. The push is aimed at reducing strategic exposure in sectors ranging from electric mobility to defence and advanced electronics. Officials are framing the initiative as part of a broader industrial resilience agenda rather than a narrow subsidy exercise.
