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Centre To Soon Decide On Subsidy Scheme For Rare Earth Magnet Production
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SUMMARY
MHI HD Kumaraswamy said that the government will decide on a subsidy scheme to support domestic production of rare earth magnets within the next 15-20 days
The minister also held discussions with mines minister Kishan Reddy on the scheme, and plans to announce the decision in the near future
The comments were made during a press briefing on the launch of ‘Scheme to Promote Manufacturing of Electric Passenger Cars in India’
As panic over China’s ban on exports of…
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