Cabinet Clears Rs 72.80 bn Scheme for REPM Manufacturing

27 Nov 2025 CW Team

The Union Cabinet has approved a Rs 72.80 billion scheme to promote the manufacturing of sintered Rare Earth Permanent Magnets (REPM) in India, marking the country’s first integrated initiative to develop a domestic REPM ecosystem. The programme aims to establish 6,000 MTPA of manufacturing capacity through facilities covering the entire value chain—from rare earth oxides to finished magnets. The move seeks to strengthen supply chains for sectors such as electric mobility, aerospace, defence, renewable energy and electronics, where REPMs are critical.

India’s magnet consumption is projected to double by 2030, yet the country remains dependent on imports. The scheme includes Rs 64.5 billion in sales-linked incentives over five years and Rs 7.5 billion as capital subsidy to develop an aggregate production capacity of 6,000 MTPA, to be allocated to up to five beneficiaries through global competitive bidding. The seven-year scheme includes a two-year gestation period and five years of incentive disbursal.

The initiative is expected to generate employment, bolster self-reliance and contribute to India’s Net Zero 2070 goals by enabling indigenous magnet manufacturing. The Government stated that the scheme aligns with the vision of Viksit Bharat @2047 and will enhance India's competitiveness in the global REPM market.

Real Estate

30 Jul 2026

AI: The New Recruit

From getting ideas to evaluating designs, presenting concepts to clients and tracking projects, artificial intelligence (AI) is helping architects work better and faster.“AI allows architects to spend more time doing what only they can do: think critically, synthesise complexity and design with intent,” says Dikshu C Kukreja, Managing Principal, CP Kukreja Architects. “Every minute reclaimed from repetitive processes can be invested in creativity, contextual understanding, interdisciplinary collaboration and innovation – the qualities that define meaningful architecture.”To read the ..

Redevelopment 2.0

In 2017, Mumbai identified 160,000 ageing buildings due for structural audit. Close to half of these were in the Western Suburbs. Redeveloping the oldest and structurally weakest of these would help unlock new housing, much needed given the city’s growing population density and constant developed area of 437.7 sq km. At 30,600 people per sq km in 2024, Mumbai’s density was almost thrice that of Gurugram, and 60 per cent higher than Bengaluru’s.Essentially, Mumbai’s realty market has demand. It has capital. It has realty development potential.Fast forward to 2026. Mumbai has 1,094 regis..

Cost intelligence will become a strategic contributor to project success

As India's construction industry accelerates its digital transformation, integrated platforms, AI and connected data are becoming essential to improving cost certainty, project efficiency and sustainability. Ravi Kumar, Sales Director – India, RIB Software India, shares how digital workflows are reshaping project planning, commercial management and decision-making across the construction value chain.India's construction sector is embracing digital technologies at an unprecedented pace. From your perspective, what are the biggest shifts driving this transformation and how is RIB Software enab..