India Allocates ₹1345 Cr To Manufacture Rare Earth Magnets, Counter China’s Monopoly

In a strategical move to trim dependency connected China, nan Indian authorities has earmarked ₹1,345 crore to kickstart nan home accumulation of uncommon world magnets — a captious constituent utilized successful electrical vehicles, defence, abstraction tech, and electronics. With China tightening export controls, this finance intends to break Beijing's monopoly connected nan world uncommon world proviso chain. The scheme includes R&D support, industrial-scale production, and partnerships pinch some PSUs and backstage players. This marks India’s astir superior bid yet to participate nan high-stakes world of captious minerals and precocious manufacturing. Can India emergence arsenic a uncommon world power?