| Aspect | Details |
|---|---|
| Scheme Name | Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnets (REPM) |
| Objective | Establish a self-sustaining domestic supply chain for rare earth permanent magnets. |
| Key Features | • Approved Outlay: Over ₹7,000 crore<br>• End-to-end Integration: Covers entire value chain<br>• High Value Focus: Sintered rare earth permanent magnets<br>• Strategic Sectors: Electric mobility, renewable energy, electronics, aerospace, and defence |
| Manufacturing Capacity | 6,000 metric tonnes per annum |
| Role of Government | Ministry of Mines has entered bilateral agreements with countries like Australia, Argentina, and Zambia for raw material supply. |
| Significance | Essential for EVs, wind turbines, consumer electronics, defence, and aerospace. Reduces import dependence, particularly from China. |
| Rare Earth Resources | Found in coastal beach sands, red sands, and inland alluvial deposits in states like Andhra Pradesh, Odisha, Tamil Nadu, Kerala, West Bengal, Jharkhand, Gujarat, and Maharashtra. |
| Key Takeaways | • REPM aims to develop integrated capacity from rare-earth oxides to finished magnets.<br>• It supports India's clean energy transition and domestic industrial capability. |
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