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REPM (rare earth permanent magnet) manufacturing scheme
What it is
The Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnets, notified 15 Dec 2025 with an outlay of Rs 7,280 cr to build 6,000 MTPA of integrated NdFeB magnet capacity across five beneficiaries
It covers the full chain from rare earth oxide to finished magnet. IREL is currently the only Indian producer of rare earth oxides, with NdPr oxide capacity of 400 MTPA
Impact on industries
- Addresses a chokepoint rather than an end product - permanent magnets are essential to EV traction motors, wind turbines, electronics and defence systems
- China's export controls on magnets and rare earth processing made the dependency a live operational risk, not a theoretical one
- Upstream supply is the binding constraint: existing domestic oxide capacity supports only around 1,500 MTPA of magnet output against the 6,000 MTPA target
- Separation and sintering technology is closely held globally, so the scheme needs partnerships and suits only large, technically capable enterprises