Our foundation is built on the Government of India’s clear strategic direction. The Union Budget 2026-27 has announced the creation of Dedicated Rare Earth Corridors in Odisha, Kerala, Andhra Pradesh, and Tamil Nadu. These are not just mining zones; they are envisioned as comprehensive ecosystems covering:
- Mining: Extraction of monazite and other minerals from coastal beach sands .
- Processing: Setting up refineries to separate rare earth oxides .
- Manufacturing: Producing high-value Rare Earth Permanent Magnets (REPMs) for EVs, wind turbines, and defence .
- Research: Fostering innovation and R&D in advanced materials .
The government has already approved a ₹7,280 crore REPM Manufacturing Scheme to create 6,000 MTPA of integrated manufacturing capacity, complemented by ₹6,450 crore in sales-linked incentives. 1 This is the policy backbone that will drive private investment and make this platform highly relevant.
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