<ul data-eligibleForWebStory="false"><li>India is considering incentivizing local production of rare earth materials to reduce dependence on China.</li><li>The Centre is working on a plan to offer incentives to companies to produce rare earth magnets within the country.</li><li>India's reliance on China for rare earth magnets has been impacted by China's export restrictions, prompting exploration of alternatives like sourcing from Australia.</li><li>Despite the challenges posed by China's export ban, industry players are relatively optimistic and are exploring solutions like developing rare-earth-free motors.</li></ul>

India Mulls Incentivising Rare Earth Production To Tame China’s Tantrums

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