Cabinet approves Rs 7,280 crore scheme to boost domestic manufacturing of Rare Earth Permanent Magnets

November 26, 2025 4:41 PM

Cabinet approves Rs 7,280 crore scheme to boost domestic manufacturing of Rare Earth Permanent Magnets

The Union Cabinet on Wednesday approved a ₹7,280-crore scheme to promote the manufacturing of sintered Rare Earth Permanent Magnets (REPM), a critical component used across electric vehicles, renewable energy systems, aerospace, defence and electronics. Chaired by Prime Minister Narendra Modi, the Cabinet cleared the “Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnets,” marking the first major government initiative to develop an integrated REPM ecosystem in India. T...

India notifies National Policy on Geothermal Energy 2025 to boost clean energy transition

September 18, 2025 1:27 PM

India notifies National Policy on Geothermal Energy 2025 to boost clean energy transition

In a move to diversify India’s renewable energy portfolio and achieve its Net Zero 2070 target, the government on Wednesday notified the National Policy on Geothermal Energy (2025). The policy seeks to harness the country’s largely untapped geothermal resources, positioning this clean and dependable energy source as a key pillar of India’s sustainable energy transition. Geothermal energy - which can be used for both power generation and direct applications such as district heating, agricu...