Why Budget push for rare earth corridors matters for India’s manufacturing drive скачать в хорошем качестве

Why Budget push for rare earth corridors matters for India’s manufacturing drive

The Union Budget speech by Finance Minister Nirmala Sitharaman has proposed dedicated rare earth corridors in mineral-rich states including Odisha, Kerala, Tamil Nadu, and Andhra Pradesh to boost mining, processing, research and downstream manufacturing. The move is part of a wider focus on strategic and frontier sectors aimed at strengthening India’s manufacturing ecosystem. Experts say the corridors are critical for reducing import dependence and insulating supply chains amid global disruptions, especially restrictions affecting rare earth exports. These minerals are essential for defence systems, electric vehicles, clean energy technologies and advanced electronics. Industry voices believe the initiative can help India build an integrated ecosystem, from raw material extraction to magnet manufacturing, enhancing self-reliance and positioning the country as a major production hub. The proposal builds on the Rare Earth Permanent Magnets scheme launched in 2025 and is expected to generate jobs, attract private investment and address geopolitical supply risks while supporting India’s long-term industrial growth goals. #UnionBudget #RareEarths #Manufacturing #CriticalMinerals #EVIndustry #CleanEnergy #Defence #MakeInIndia #PtiNews #PtiVideos #PressTrustOfIndia Subscribe to PTI's YouTube channel for in-depth reports, exclusive interviews, and special visual stories that take you beyond the headlines. #PTIVideos PTI News : ptinews.com PTI Fact Check : ptinews.com/factcheck/factcheck.aspx PTI X (formerly Twitter): https://x.com/PTI_News PTI Instagram:   / ptinews_multimedia   PTI Facebook:   / presstrustofindia