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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 >
NEW DELHI: The conflict in the Middle East is pushing India, which imports 80 percent of its oil and gas, to accelerate its shift to renewables, but the country is also dependent on imports for the minerals and rare earth metals needed to power its green transition. India aims to install 500 gigawatts of green energy capacity including solar, wind and hydropower by 2030, alongside expanding battery storage and electric transport. The country's latest climate goals, announced last month, also ai ...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 >
New Delhi [India], April 7 (ANI): MetalMandi, the B2B digital scrap trading platform from Attero, has crossed over 2 lakh downloads across India and is targeting 5X growth over the next five years, as it scales its presence across the country's scrap and recycling ecosystem. Launched in 2025, the platform currently has over 1.1 lakh registered users, more than 50,000 monthly active users, and around 4,000 daily active users, with participation spanning 28+ states and over 100 cities. It facilit ...Read More >
New Delhi, Apr 7 (PTI) E-waste recycling firm Attero expects a five-fold growth in business of its online metal scrap trading platform MetalMandi and hit a turnover of Rs 10,000 crore in the next five years, a top official of the organisation said on Tuesday. Attero Co-Founder and CEO Nitin Gupta said MetalMandi has over 1.1 lakh registered users, more than 50,000 monthly active users, and around 4,000 daily active users, with participation spanning more than 28 states covering over 10,000 citi ...Read More >
Ahmedabad: Prime Minister Narendra Modi on Tuesday inaugurated Kaynes Technology's semiconductor manufacturing facility in Sanand, Gujarat and said India is strengthening its role as a reliable semiconductor supplier in the global market. He said the inauguration of the facility strengthens India's push towards self-reliance, which marks a landmark step in building a robust semiconductor ecosystem. Modi also launched and dedicated multiple infrastructure projects across Gujarat worth over ₹20 ...Read More >
MUMBAI: Disruptions in the Strait of Hormuz have had a severe economic impact and are causing energy instability in the region, said admiral D K Tripathi, chief of naval staff, in Mumbai on Thursday. The strait, an international waterway between Iran and Oman, controls a large volume of global oil flow and is in focus due to the war in West Asia, which is well into its fifth week. Tripathi and Union minister of state for defence, Sanjay Seth, were in Mumbai to flag off the second edition of th ...Read More >
New Delhi: 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 has identified 7.23 million ...Read More >
Indian Navy chief Admiral D K Tripathi said disruptions in the Strait of Hormuz are causing regional economic strain and energy instability as the West Asia war continues. He added that maritime competition now extends beyond oil to rare earth elements, critical minerals, fishing grounds, and data, alongside rising marine research and IUU fishing activity. Indian Navy chief Admiral D K Tripathi said disruptions in the Strait of Hormuz have hit regional economies. Admiral D K Tripathi also warne ...Read More >
Mumbai (Maharashtra) [India], April 2 (ANI): As the conflict in West Asia continues, Navy Chief Admiral Dinesh K Tripathi weighed in on the implications of the war, stating that the competition at sea has moved beyond oil and energy to expand alternative energy resources. Addressing at the flagging off ceremony of the 2nd edition of IOS SAGAR, Admiral Dinesh K Tripathi highlighted the economic impact of the conflict which he believed will push countries towards procurement of rare earth element ...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: The government has cancelled the auction of 11 critical and strategic mineral blocks which were put on sale in the sixth round on account of poor investor response and lack of qualified bidders. The development comes as a setback to the government's efforts to ramp up domestic exploration and production of critical minerals amid global supply chain disruptions. In an annulment notice, the mines ministry said that the auction process for 5 mineral blocks was cancelled since no bids wer ...Read More >
New Delhi, Apr 1 (PTI) Coal India arm SECL on Wednesday said it has registered a 5.26 per cent growth in production and 4.6 per cent increase in offtake, the volume of dry fuel supplied, in 2025-26, signalling steady progress amid rising energy demand. SECL recorded the total coal production of 176.2 million tonnes (MT) in FY26, up 5.26 per cent from 167.4 MT produced in 2024-25. The company's coal offtake in FY26 stood at 178.6 million tonnes compared to 170.7 MT in FY25. With 364.3 million ...Read More >
Ahmedabad: Flagging disruptions in global supply chains amid geopolitical conflicts, PM Narendra Modi on Tuesday said it is "extremely important" for a democratic nation like India to take the lead in ensuring global development, as the country steps up efforts to build a robust semiconductor ecosystem. The PM emphasized the govt is laying a strong foundation for technology and energy security in the coming decades.The PM inaugurated the Kaynes Semicon's outsourced semiconductor assembly and tes ...Read More >
Gandhinagar/Sanand/Tharad, Mar 31 (PTI) As the West Asia war rages, India has successfully kept the situation under control with its strong foreign policy and collective strength of citizens, Prime Minister Narendra Modi said on Tuesday and accused the Congress of attempting to exploit the conflict for domestic political gains. Like "Rajneeti ke gidh" (vultures of politics), the Congress is attempting to exploit the West Asia conflict by triggering panic among people for political gains though ...Read More >
Sanand (Gujarat) [India], March 31 (ANI): Prime Minister Narendra Modi on Tuesday inaugurated the Kaynes Technology semiconductor plant in Sanand, Gujarat, marking the commencement of production at the facility. The Prime Minister underscored the momentum of India's semiconductor journey, noting that he was present in Sanand on February 28 for the start of production at the Micron plant and has returned exactly a month later for the Kaynes milestone. Also Read | Vasai Horror: Man Brutally Atta ...Read More >
Sanand (Gujarat) [India], March 31 (ANI): Prime Minister Narendra Modi on Tuesday inaugurated the Kaynes Technology semiconductor plant in Sanand, Gujarat, marking the commencement of production at the facility. The Prime Minister underscored the momentum of India's semiconductor journey, noting that he was present in Sanand on February 28 for the start of production at the Micron plant and has returned exactly a month later for the Kaynes milestone. "This is not merely a coincidence, it is pr ...Read More >
Sanand (Gujarat), Mar 31 (PTI) Prime Minister Narendra Modi on Tuesday said the 21st Century has brought several challenges and global supply chains have been affected due to conflicts, emphasising that the government is laying a strong foundation for technology and energy security in the coming decades. Modi inaugurated Kaynes Semicon's outsourced semiconductor plant in Sanand, marking the commencement of production, and said India is strengthening its role as a reliable semiconductor supplier ...Read More >
Sanand, March 31: Prime Minister Narendra Modi on Tuesday said global crises in recent years have led to disruptions in supply chains, emphasising the need for secure and resilient systems in critical sectors such as semiconductors, energy and minerals. Addressing the gathering after Kaynes Semicon's OSAT facility inauguration in Sanand, the Prime Minister said the 21st century has brought multiple challenges, including the pandemic and ongoing conflicts, which have impacted the flow of goods an ...Read More >
The government has cancelled the auction of 11 critical and strategic mineral blocks in the sixth round due to poor investor response and a lack of qualified bidders. Five blocks received no bids, five had fewer than three technically qualified bidders, and the Beku Rare Metal Block in West Bengal was also annulled. The government has cancelled the auction of 11 critical and strategic mineral blocks which were put on sale in the sixth round on account of poor investor response and lack of quali ...Read More >
New Delhi, Mar 31 (PTI) The government has cancelled the auction of 11 critical and strategic mineral blocks which were put on sale in the sixth round on account of poor investor response and lack of qualified bidders. The development comes as a setback to the government's efforts to ramp up domestic exploration and production of critical minerals amid global supply chain disruptions. In an annulment notice, the mines ministry said that the auction process for 5 mineral blocks was cancelled si ...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, March 27 (Reuters) - India will hold talks with Argentina, Indonesia and Oman next month as it seeks to boost supplies of steelmaking raw materials such as coking coal and iron ore, and access technology, two sources with direct knowledge told Reuters. The talks are expected to begin next month at a global steel summit, described by the Indian government as the country's largest international conference-cum-exhibition, said the sources who did not wish to be identified as the plan wa ...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 >
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 >
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