What is India planning for rare earth development?

India plans to establish dedicated rare earth corridors in mineral-rich states to cover the entire value chain from mining to advanced manufacturing.

Which states will house the new rare earth corridors?

Odisha, Kerala, Andhra Pradesh, and Tamil Nadu are identified to house the new rare earth corridors due to their abundant mineral deposits.

Why is India focusing on reducing reliance on China for rare earths?

India is focusing on reducing reliance on China for rare earths because these minerals are vital for critical industries like electronics, renewable energy, electric vehicles, and defense technologies.

Home / Business and Economy / Budget Boosts Rare Earths: India Eyes Self-Reliance

Budget Boosts Rare Earths: India Eyes Self-Reliance

1 Feb

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Summary

India plans dedicated rare earth corridors in mineral-rich states.
Corridors will cover mining, processing, research, and manufacturing.
This aims to reduce reliance on China for critical minerals.

Budget Boosts Rare Earths: India Eyes Self-Reliance

India's finance minister recently proposed targeted support to establish dedicated rare earth corridors in mineral-rich states. These states include Odisha, Kerala, Andhra Pradesh, and Tamil Nadu, chosen for their abundant beach sand mineral deposits.

This initiative expands upon last year's Rs 7,280 crore scheme for manufacturing sintered Rare Earth Permanent Magnets (REPM). The new corridors will serve as comprehensive hubs, integrating the entire value chain of rare earth development, from mining and processing to research and advanced manufacturing.