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REPM Scheme
December 31 , 2025
11 hrs 0 min
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- India launched the REPM (Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnets) to build the country’s first integrated domestic manufacturing ecosystem for high-value magnets.
- The scheme aims to reduce import dependence and support strategic sectors like electric vehicles (EVs), renewable energy, electronics, aerospace, and defence.
- Approved outlay for the scheme is over ₹7,000 crore, and it targets 6,000 metric tonnes per year of magnet production.
- Rare earth minerals required for the magnets are found in Indian states including Odisha, Tamil Nadu, Kerala, Andhra Pradesh, West Bengal, Gujarat, Jharkhand, and Maharashtra.
- The government signed international agreements with countries like Australia, Argentina, and Zambia to secure raw materials.
- The REPM scheme strengthens India’s domestic industrial capability and supports the clean energy transition.
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