India, Nov. 28 -- IESA has congratulated the Government of India on the landmark Rs.7,280 crore Scheme for Sintered Rare Earth Permanent Magnets (REPM). This is a visionary, first-of-its-kind initiative that addresses one of the most critical gaps in India's high-technology value chain.

Rare earth permanent magnets are fundamental building blocks for EVs, renewable energy systems, aerospace, defence, consumer electronics, and, importantly, the semiconductor equipment and electronics manufacturing ecosystem. By establishing India's first integrated REPM manufacturing ecosystem-from oxides to metals to alloys to finished magnets-the government has taken a decisive step toward strategic self-reliance.

Ashok Chandak, President, India Electr...