New Delhi, Aug. 16 -- India is moving ahead to secure its rare earth supply chain, a critical component of its clean energy and electric mobility transition. A new report titled "From Extraction to Innovation" by Primus Partners outlines a comprehensive roadmap to achieve self-reliance in rare earth magnets under the government's "Viksit Bharat" vision.

The India-headquartered global management consulting firm has put forward five policy pillars.

Among the five core policy recommendations are market assurance and demand certainty - it calls for long-term price assurance mechanisms for NdPr oxide and NdFeB magnets, along with structured offtake agreements, to protect investors and unlock domestic demand.

It suggested setting up pilot hu...