New Delhi, July 12 -- Union Minister for Coal and Mines G Kishan Reddy on Saturday said that the Central Government has decided to begin the production of rare earth magnets in Hyderabad, as part of its broader push for self-reliance in critical technologies.

Speaking to ANI, the minister said, "The Central Government has decided to produce rare earth magnets in Hyderabad. Our Mining Ministry's institute is working diligently, along with various industries, to manufacture the necessary machinery."

Reddy further added that the government will soon showcase its capabilities in manufacturing permanent magnets.

"Within the next 3-4 months, they will showcase their efforts in manufacturing permanent magnets. This initiative involves collabo...