New Delhi, June 17 -- New Delhi: India plans to introduce a range of measures including the provision of grants to private companies to boost the processing of rare earth elements as the country copes with supply constraints from China, two people with knowledge of the development said.

or viability gap funding (VGF)-easing of the regulatory framework and fast-tracking auctions of rare-earth mines and acquisitions to counter the curbs imposed by China on sales of rare earth magnets and minerals, they said.

"The government aims to achieve a 10% share of global rare earth processing within the country in the coming years. VGF, incentives for refining and regulatory easing are part of the broader strategy to achieve that target," one perso...