By:- Ashok Chandak, President, IESA

“IESA welcomes the Cabinet’s landmark ₹7,280 crore scheme for Sintered Rare Earth Permanent Magnets (REPM). This first-of-its-kind initiative closes a critical gap in India’s high-tech value chain and will significantly strengthen the electronics and semiconductor ecosystem. Secure access to REPM is essential for EVs, renewables, aerospace, defence, precision electronics, and semiconductor equipment.

This announcement also sends a clear message to the world: India can build its own solutions and will no longer be vulnerable to supply-chain pressures or arm-twisting by other nations. Our manufacturing lines will not stop because of external disruptions.

By enabling India’s first integrated REPM manufacturing—from oxides to finished magnets—the scheme boosts self-reliance, attracts global investment, and positions India as a trusted alternative in the global magnet supply chain.

IESA applauds this bold step as a major accelerator for Viksit Bharat 2047 and India’s clean-energy and semiconductor ambitions.”