India Bets $800 Million to Break China’s Grip on Crucial Magnets
In a major push for strategic self-reliance, the Indian government has approved a ₹73 billion (approximately $800 million) incentive package to build a domestic industry for rare earth permanent magnets. The move targets China’s overwhelming dominance in a sector vital for electric vehicles, wind turbines, consumer electronics, and advanced defense systems. The plan, cleared in […]