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The expenditure finance committee of the finance ministry has reportedly approved the incentive scheme to catalyse domestic manufacturing of rare earth magnets
The scheme will earmark INR 6,500 Cr for capital expenditure and INR 800 Cr for operational expenditure
Notably, the heavy industries ministry proposed INR 1,345 Cr scheme to incentivise local magnet production in July
The expenditure finance committee of the finance ministry has reportedly approved INR 7,300 Cr…
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The expenditure finance committee of the finance ministry has reportedly approved the incentive scheme to catalyse domestic manufacturing of rare earth magnets
The scheme will earmark INR 6,500 Cr for capital expenditure and INR 800 Cr for operational expenditure
Notably, the heavy industries ministry proposed INR 1,345 Cr scheme to incentivise local magnet production in July
The expenditure finance committee of the finance ministry has reportedly approved INR 7,300 Cr…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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