New Delhi: The government plans to nudge the automobile industry to invest in research and development (R&D) of rare-earth-magnet-free technology, according to two officials aware of the plan, as the country seeks to break free from China’s stranglehold and adopt cleaner solutions.
The Union heavy industries ministry plans to leverage funds from the government's ₹ 50,000 crore Anusandhan National Research Foundation (ANRF) towards this strategic push to counter China, which remains a dominant force controlling more than 90% of the world's rare earth processing capabilities, said one of the two officials quoted earlier.
Initial consultations have been conducted to help develop this capability, the second official said. Both spoke on the condition of anonymity. Also Read | A shadow

Livemint

The Indian Express
Verywell Health
AlterNet
@MSNBC Video
NBC10 Philadelphia Entertainment
Truthout
OK Magazine
Associated Press Top News
Raw Story