India aims to boost rare earth magnet production in Hyderabad to reduce dependency on China, according to G Kishan Reddy.
The government plans to showcase its manufacturing capabilities in the next 3-4 months through collaboration with various industries and ministries.
Previously reliant on China for rare-earth permanent magnets, India faces supply shortages post-China's export controls on rare earth items announced in 2024.
The Central Government's efforts include the launch of the National Critical Mineral Mission with significant investments to ramp up rare earth magnet production.