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India’s rare earth magnet push: New fiscal incentives & domestic production boost
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tezzbuzzIndia’s rare earth magnet push: New fiscal incentives & domestic production boost
New Delhi: The government is preparing fiscal incentives to encourage domestic production of rare earth magnets in the face of recent disruptions caused in their supply, currently dominated by China, Union Minister H D Kumaraswamy said on Friday. The minister for Heavy Industries and Steel also said a scheme is in the works to provide “targeted support” to the industry for its capital as well as operational expenditure, which would help bridge c…
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