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India’s Magnet Revolution: From Imports to Innovation
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India’s Magnet Revolution: From Imports to Innovation
India has recently set up its first pilot plant for Nd-Fe-B (Neodymium-Iron-Boron) rare earth permanent magnets at ARCI, Hyderabad. This marks a big step towards self-reliance in clean energy, defence, and electronics. Globally, these magnets cost billions of dollars every year, and India has been spending hundreds of crores annually on imports. Now, with domestic production, India can save money and eventually earn through exports.This also mar…
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