Rs 7,280 Crore Rare Earth Magnet Scheme: Industry Hails REPM Initiative; Firms See Reduced Import Dependence

**New Delhi:** The recent announcement of a Rs 7,280 crore production-linked incentive (PLI) scheme for Rare Earth Element (REE) magnets has been met with widespread acclaim from the Indian industry. This ambitious initiative, aimed at boosting domestic manufacturing of critical rare earth-based products, is being hailed as a game-changer for sectors heavily reliant on these…

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