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India’s Rare Earth Corridors
February 3 , 2026
20 hrs 0 min
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- Union Finance Minister Nirmala Sitharaman proposed to support the mineral-rich states of Odisha, Kerala, Andhra Pradesh, and Tamil Nadu.
- It will establish the dedicated rare-earth corridors to push to secure India’s supplies of rare earth magnets.
- The move comes as India looks to reduce its dependence on China for rare-earth minerals.
- In November 2025, the Union government approved a new “first-of-its-kind” scheme to manufacture Rare Earth Permanent Magnets (REPM) in India, with a financial outlay of ₹7,280 crore.
- The ‘Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnets’ aimed to establish 6,000 metric tonnes per annum (MTPA) of integrated Rare Earth Permanent Magnet (REPM) manufacturing in India.
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