The magnet manufacturing scheme: The sintered rare earth permanent magnets of India- As decided by the Modi cabinet, the largest policy on magnet manufacturing worth \u20b97,280 crores has enabled the making of brushes in place of importing them.<\/p>\n\n\n\n
This will nourish and protect the electric vehicles, renewable energy sectors, and electronics, apart from serving defense and aerospace(Magnet Manufacturing Scheme<\/a>).<\/p>\n\n\n\n This opens a plethora of opportunity for miners, metal entrepreneurs, MSMEs, and the big manufacturers. This is a giant step towards a self-reliant and self-sustaining industrial base.<\/p>\n\n\n\n Read More: Rare Earth Magnet Production Opportunities in India<\/a><\/p>\n<\/blockquote>\n\n\n\n\n