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.

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..