US EditionIndia Is Set to Triple Rare Earth Magnets Plan to $788 Million
India aims to secure critical minerals for clean energy by tripling rare earth magnet investment to $788 million, boosting formal e-waste recycling above 40%, officials said.
- India plans to scale up recycling investment to secure critical minerals for clean-energy technologies, launching the National Critical Minerals Mission and approving an incentive scheme in September for eligible recyclers.
- Last year, UN figures showed India generated nearly 1.75 million tonnes of e-waste, with formal recycling rising over 40% between 2019 and 2024, according to the CPCB.
- The recycling sector remains deeply fragmented and dependent on informal labour, with more than 90% of collection and dismantling in informal workshops earning a Rs 300 typical daily wage before selling to licensed recyclers.
- Traditional mining is carbon-intensive and often harmful to forests and ecosystems, while recycling processes recover critical minerals with a substantially lower environmental footprint.
- As formal recycling expands, questions remain about the fate of millions of informal workers, as India aims to extract minerals without leaving the informal workforce behind, sustainability experts warn.
15 Articles
15 Articles
digitimes.com
technewstube.comIndia triples rare-earth incentives as China eases export curbs
India is preparing to nearly triple incentives for rare-earth magnet manufacturing to over INR70 billion (US$788 million) as part of efforts to reduce reliance on China. The move comes just days after Beijing agreed to relax export restrictions following the latest US-China trade deal, easing immediate supply pressures.
India set to triple size of its rare earth magnets plan
India is ramping up its incentives for rare earth magnet manufacturing, aiming for an investment surpassing Rs 7,000 crore to enhance local production capabilities. This strategic initiative is designed to lessen dependence on China, the leading market player, while also providing financial support to companies through various subsidies.
₹7,000 crore! Centre plans to boost its made-in-India rare earth plan amid growing pressure from China, says report
The proposal is awaiting cabinet approval, and will be a booster for India's current quest to secure critical materials for electric vehicles, renewable energy and defence.
India Is Set to Triple Rare Earth Magnets Plan to $788 Million
India plans to almost triple the size of its incentive program for rare earth magnet manufacturing to more than 70 billion rupees ($788 million) as it races to build domestic capacity in a sector dominated by China, according to people familiar with the matter.
India moves to triple rare-earth magnet program in bid to challenge China’s grip
India is preparing a major expansion of its rare-earth magnet manufacturing program, signaling one of its most ambitious industrial strategies in decades to secure control over materials vital to the world’s clean-energy transition, defense systems, and advanced electronics. According to a Bloomberg report citing senior government officials, New Delhi is set to nearly triple the size of its incentive scheme for domestic production of rare-earth …
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