Question
How much investment has the Union Cabinet approved for
India’s Rare Earth Permanent Magnets (REPM) manufacturing scheme?ÂSolution
The Cabinet has approved a ₹7,280 crore scheme to establish integrated manufacturing capacity of Rare Earth Permanent Magnets (REPM) in India. This includes ₹6,450 crore in incentives and ₹750 crore as capital subsidy. Â
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