Tuesday, 31 March, 2026
Rare Earth Magnet Incentives Boost India’s EV Chip Goals
By Isha
New government incentives for manufacturing rare earth magnets are expected to significantly advance India's electric vehicle (EV) and semiconductor chip ambitions. By securing the domestic supply chain for these critical components, the policies aim to reduce reliance on imports and facilitate the indigenous production of EV motors and chip-making equipment, strengthening India's high-tech manufacturing base.
Read full story at Economic Times