Rare Earth Elements Crisis: Electronic Component Companies Warn Of Missing Incentive-Linked Targets

Rare Earth Elements Crisis: Electronic Component Companies Warn Of Missing Incentive-Linked Targets

With China’s recent restrictions on the export of certain rare earth elements, several companies under electronics component manufacturing scheme have reportedly flagged concerns over missing incentive-targets for the first year due to shortage of required resources. An ET report, citing MeitY officials, said that around 10 companies out of a total of 110 applications under the INR 22,919 Cr incentive scheme have raised concerns as the industry …