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New Delhi, Apr 9 (PTI) India's diversification of energy sources and enhancing access to critical minerals are crucial for the country's economy, but this shift has introduced new challenges, Tata Steel CEO and Managing Director T V Narendran said on Thursday. Addressing the AIMA Leadership Conclave, Narendran termed India's energy and critical minerals diversification move as a "layered vulnerability". "The challenge is obvious while we are diversifying our sources of energy and critical mine ...Read More >
"Materials are key enablers, whether for systems, weapons, or sensors. If you want capabilities beyond what you currently possess, you must develop materials that can provide that capability," the DRDO chairman said. He cautioned India against depending on foreign countries for material development technology. "You are not going to get it. They will give you the technology only once they have used it in their systems. And, when they move to the next generation technologies... when they give yo ...Read More >
The Ministry of Heavy Industries (MHI) on Tuesday held a pre-bid conference for its 'Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnet', drawing participation from at least 25 companies. The conference, held at India Habitat Centre, followed the release of a Request for Proposal (RFP) on March 20, 2026, inviting bids to set up integrated rare earth permanent magnet (REPM) manufacturing facilities with a total capacity of 6,000 MTPA under an outlay of ₹7,280 crore. MHI sa ...Read More >
The Ministry of Heavy Industries (MHI) on Tuesday held a pre-bid conference for its 'Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnet', drawing participation from at least 25 companies. The conference, held at India Habitat Centre, followed the release of a Request for Proposal (RFP) on March 20, 2026, inviting bids to set up integrated rare earth permanent magnet (REPM) manufacturing facilities with a total capacity of 6,000 MTPA under an outlay of ₹7,280 crore. MHI sa ...Read More >
New Delhi, Apr 7 (PTI) At least 25 companies, including JSW Group, Vedanta, Hindustan Zinc Ltd (HZL) and NLC India, participated in a pre-bid conference for the Rs 7,280-crore scheme to promote the manufacturing of sintered rare earth permanent magnet called by the heavy industries ministry on Tuesday, sources said. The government will select a maximum of five entities through the bidding, with each entity setting up facilities of up to 1,200 MTPA, aggregating to a total of up to a maximum capa ...Read More >
Summary The Bureau of Energy Efficiency (BEE) started consultations with electric two-wheeler makers on 2 April, as it looks to rev up its five-year-old 'Go Electric' campaign, eyeing a micro-level awareness on EV benefits, two people aware of the matter said. The West Asia war-triggered energy supply shocks are pushing India to speed up its shift to electric mobility to cut its oil import dependence and cushion the economy from volatility. Towards this, the Bureau of Energy Efficiency (BEE) s ...Read More >
New Delhi, April 2 (SocialNews.XYZ) India holds rare earth oxide resources of approximately 8.52 million tonnes, but remains dependent on imports for rare earth magnets and related products due to low-grade domestic deposits, regulatory constraints and a limited processing industry, the Parliament was informed on Thursday. In a written reply in Rajya Sabha, Union Minister of State for Science and Technology, Dr Jitendra Singh, said the Atomic Minerals Directorate for Exploration and Research ha ...Read More >
NEW DELHI, March 30 (Reuters) - India on Monday approved 29 proposals from various companies under its electronics component manufacturing program, with a total investment of 71.04 billion rupees ($751.21 million), the Electronics and Information Technology Ministry said. India has launched a series of incentive programs to attract global and domestic investors, expand local manufacturing capacity, reduce import dependence and strengthen supply chains as it looks to improve its electronics ma ...Read More >
New Delhi, Mar 30 (PTI) The government on Monday approved the fourth tranche of 29 proposals under the Electronics Components Manufacturing Scheme with a projected investment of Rs 7,104 crore, with IT Minister Ashwini Vaishnaw stressing that the industry must build in-house design capabilities and adopt Six Sigma quality standards to avail future support and incentives. The latest tranche includes approval for the Rare Earth Permanent Magnet facility by Lohum Cleantech, entailing Rs 700 crore ...Read More >
New Delhi, Mar 30 (PTI) The government on Monday approved the fourth tranche of 29 proposals under the Electronics Components Manufacturing Scheme with a projected investment of Rs 7,104 crore, with IT Minister Ashwini Vaishnaw stressing that the industry must build in-house design capabilities and adopt Six Sigma quality standards to avail future support and incentives. The latest tranche includes approval for the Rare Earth Permanent Magnet facility by Lohum Cleantech, entailing Rs 700 crore ...Read More >
NEW DELHI, March 30 : India on Monday approved 29 proposals from various companies under its electronics component manufacturing program, with a total investment of 71.04 billion rupees ($751.21 million), the Electronics and Information Technology Ministry said. India has launched a series of incentive programs to attract global and domestic investors, expand local manufacturing capacity, reduce import dependence and strengthen supply chains as it looks to improve its electronics manufacturing. ...Read More >
NEW DELHI, March 30 (Reuters) - India on Monday approved 29 proposals from various companies under its electronics component manufacturing program, with a total investment of 71.04 billion rupees ($751.21 million), the Electronics and Information Technology Ministry said. India has launched a series of incentive programs to attract global and domestic investors, expand local manufacturing capacity, reduce import dependence and strengthen supply chains as it looks to improve its electronics man ...Read More >
NEW DELHI: The government has drawn a hard line under its electronics push, pairing fresh approvals worth thousands of crores with a blunt warning: subsidies will not flow to companies that treat India as a factory floor without building design muscle. Signalling a shift from scale to strategic value, Union IT minister Ashwini Vaishnaw on Monday said firms under the Electronics Components Manufacturing Scheme (ECMS) must embed design, quality and engineering in India or risk losing support. The ...Read More >
New Delhi: India's ambition to become a global electronics manufacturing powerhouse received a significant boost as the government approved 29 fresh applications under the Electronics Component Manufacturing Scheme (ECMS), unlocking proposed investments worth Rs 7,104 crore. The latest approvals span 16 product categories, from antenna systems and capacitors to cutting-edge components such as rare-earth permanent magnets and lithium-ion cells, signalling a decisive shift toward deepening India's ...Read More >
The rare earth magnet project is being positioned as a key strategic move, with Union IT and Electronics Minister Ashwini Vaishnaw highlighting its indigenous foundation. The government on March 30 approved 29 projects worth Rs 7,104 crore under the Electronics Component Manufacturing Scheme (ECMS), including India's first rare-earth permanent magnet manufacturing facility with an investment of Rs 700 crore. The rare earth magnet project stands for its fully indigenous technology and intellect ...Read More >
Lucknow, Mar 11 (PTI) Chief Minister Yogi Adityanath met Nobel laureate Konstantin Novoselov here on Wednesday and discussed possibilities of making Uttar Pradesh a major hub for advanced material research and engineering, officials said. Rajat Verma, chief executive officer of Lohum, and the company's Chief of Staff, Ayush Sabat, were also present during the meeting. According to a press statement, the visiting delegation appreciated the positive investment environment in the state, while the ...Read More >
New Delhi [India], March 11 (ANI): Proposals for investments from Land Bordering Countries (LBC) in specified sectors or activities, that include rare earth permanent magnets, shall be processed and decided within 60 days under the relaxed FDI norms under the Press Note 3, government officials said on Wednesday. Among other sectors that would benefit are capital goods, electronic capital goods, electronic components, polysilicon and ingot-wafer. Committee of Secretaries (CoS) under the Cabinet ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. One of the cleaner tells in crypto is when the old supply decides it's time. Not "made a quick 20% and clipped it" time -- years old. That's basically what Glassnode researcher CryptoVizArt flagged after an XRP wallet aged roughly 5-7 years (with a cost basis around $0.40) realized more than $721.5 million in profit on Dec. 11. A single wallet doesn't "break" a market on its own ...Read More >
Image source: Ministry of Power (GODL-India), GODL-India , via Wikimedia Commons India's unified national power grid and aggressive expansion of renewable capacity have positioned the country as a premier destination for hyperscale data centers and Global Capability Centers (GCCs), Commerce and Industry Minister Piyush Goyal said on Monday. Speaking to reporters in New Delhi, Goyal emphasized that the country's 500-gigawatt (GW) integrated grid -- one of the largest single-frequency networks i ...Read More >
New Delhi [India] October 23 (ANI): Google has achieved a major milestone in quantum computing as the company's Willow quantum processor has achieved what Sundar Pichai termed the first-ever verifiable quantum advantage, which will pave the way for new applications in drug discovery and materials sciences. According to Sundar Pichai, Chief Executive Officer (CEO) Google, Quantum Echoes can explain how atoms in a molecule interact using nuclear magnetic resonance, a development that could pave t ...Read More >
This surge is linked to increased vehicle sales and consumer spending during the festive season. However, ASSOCHAM President Nirmal K. Minda cautions that this buying momentum may not continue after the festivities. The recent GST rate cut has led to a surge in orders for auto component manufacturers, driven by increased vehicle sales and consumer purchasing power. Speaking to reporters, Nirmal K. Minda, the newly elected President of ASSOCHAM, stated that the tax reduction has boosted demand ...Read More >
Bengaluru (Karnataka) [India], September 26: TVS Motor Company, a leading global manufacturer of two - and three-wheelers, today announced the establishment of its Global Centre of Excellence (CoE) for Design and Engineering in Bologna, Italy, reinforcing its long-term vision to deliver premium, future-ready mobility solutions across international markets. As part of this initiative, TVS Motor has agreed to acquire 100 ownership of Engines Engineering S.p.A., an Italian automotive design and en ...Read More >
NewsVoir Bengaluru (Karnataka) [India], September 26: TVS Motor Company, a leading global manufacturer of two - and three-wheelers, today announced the establishment of its Global Centre of Excellence (CoE) for Design and Engineering in Bologna, Italy, reinforcing its long-term vision to deliver premium, future-ready mobility solutions across international markets. As part of this initiative, TVS Motor has agreed to acquire 100% ownership of Engines Engineering S.p.A., an Italian automotive de ...Read More >
NEW DELHI: India's electric mobility push may get a breather. The ministry of heavy industries is planning to allow electric truck and bus makers to import traction motors fitted with rare earth magnets without losing incentives under the ₹10,900-crore PM E-Drive scheme, according to two officials aware of the development. However, any relief would be temporary, lasting only until China resumes rare earth magnet exports, one of the officials said, citing the recent thaw in relations between New ...Read More >
New Delhi: India is preparing fiscal incentives to encourage domestic production of rare-earth magnets, heavy industries minister HD Kumaraswamy said Friday. In a video address at the 65th annual session of Automotive Component Manufacturers Association (ACMA), Kumaraswamy said his ministry is actively tackling vulnerabilities in critical raw materials. "Rare earth magnets are central to electric vehicle (EV) motors and currently dominated by Chinese supply, we are preparing fiscal incentives ...Read More >
New Delhi [India], September 12 (ANI): Vivek Vikram Singh, Managing Director and Group CEO of Sona Comstar, has urged the government to hold discussions with China to address the supply constraints around rare earth metals that are vital for the auto component industry. 'We need solutions. The government should talk to the Chinese side and get rid of these rare earth export controls. The interim solution (using rare-earth-free magnets) is not the best solution. This affects us and our customers ...Read More >
They also raised concerns over rare earth shortages and delays in product development cycles, during the Automotive Component Manufacturers Association of India's annual event. Auto component industry leaders on Friday voiced optimism over the recent GST rationalisation and the free trade agreements (FTAs) the government is working on. At the same time, they also raised concerns over rare earth shortages and delays in product development cycles, during the Automotive Component Manufacturers Ass ...Read More >
NEW DELHI/LUCKNOW, Aug 29 (Reuters) - The Indian government is facing a backlash from motorists after the nationwide rollout of fuel blended with 20% ethanol, amid fears - stoked by a lack of clarity from some automakers - that it may affect the performance of particularly older vehicles. India, the world's third largest car market, set a 2025 target years ago for 20% ethanol blending in fuel, called E20, as part of Prime Minister Narendra Modi's focus on clean energy. But in recent weeks it h ...Read More >
New Delhi [India], August 14 (ANI): India is actively engaging with China to ensure uninterrupted access to rare earth materials, crucial for various industries, including electric vehicles, wind turbines and defence, a senior government official confirmed. India is negotiating with China for the procurement of permanent magnets made from rare earth minerals. The government is also exploring alternative supply channels and domestic sources to reduce dependence on China. We are also finding way ...Read More >
Bengaluru : India's push toward clean mobility, green energy, and advanced manufacturing is facing a hidden vulnerability: its near-total reliance on imported rare-earth magnets. A new report by Primus Partners, From Extraction to Innovation: A Blueprint for Enhancing Rare Earth Magnet Ecosystem in India's EV Roadmap, outlines a national strategy to address this gap and build a self-reliant, globally competitive ecosystem for neodymium-iron-boron (NdFeB) magnets. The report underscores the urge ...Read More >
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