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Rare Earth Corridors in Budget 2026–27: How India’s Strategic Minerals Push Will Transform Andhra Pradesh and Counter China’s Dominance
In a landmark policy announcement with deep economic, industrial, and geopolitical implications, Union Finance Minister Nirmala Sitharaman announced the creation of dedicated Rare Earth Corridors (RECs) across four mineral-rich Indian States — Odisha, Kerala, Andhra Pradesh, and Tamil Nadu — during her Union Budget 2026–27 speech in Parliament on Sunday, February 1, 2026 . Presenting her ninth consecutive Union Budget for the financial year April 2026 to March 2027 , Sit
Feb 17 min read
REPM Scheme Aims to Build India’s First Integrated Domestic Manufacturing Ecosystem for High-Value Magnets
The Government of India has approved the Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnets (REPM) with a total financial outlay of ₹7,280 crore , marking a major step towards strengthening India’s self-reliance in critical materials required for advanced and strategic industries. The scheme aims to establish India’s first fully integrated domestic manufacturing ecosystem for high-value rare-earth permanent magnets , covering the entire value chain from
Dec 29, 20254 min read
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