India Advances Permanent Magnet Manufacturing Amid China Supply Concerns

By A Staff Reporter

Hyderabad, Telangana: In response to recent disruptions in the supply of permanent magnets from China, Union Minister for Coal and Mines G Kishan Reddy announced that India is taking significant steps toward self-reliance in this critical sector. Speaking at an event in Hyderabad, Reddy highlighted efforts by the Ministry of Mines to establish indigenous capabilities for manufacturing permanent magnets, which are essential components in various modern technologies.

"We used to be 100% dependent on China for permanent magnets of rare earths. But recently, China has refused to supply," Reddy said. He added that a permanent magnet processing unit equipped with necessary machinery has been developed by a mining ministry institute in Hyderabad.

The government plans to transfer this technology to private sector factories within the next three to four months to begin local production. In support of this initiative, Production Linked Incentive (PLI) schemes have been introduced to encourage domestic manufacturing.