Ministry of Heavy Industries (MHI) sanctions ₹7,280 Cr to build 6,000 TPA integrated rare-earth magnet capacity.

Exam-focused facts from the 5 December 2025 current affairs briefing.

Key facts

Ministry of Heavy Industries (MHI) allocates ₹6,450 Cr in sales-linked incentives and ₹750 Cr in capital subsidies for five beneficiaries (1,200 TPA each).
India currently imports ~100 % of its rare-earth magnet demand; imports stood at ~2.3 kilo tons in 2024 with ~65 % sourced from China.
Domestic rare-earth reserves are estimated at ~7 Mn Tons and are monazite-based, requiring radiological safeguards due to thorium content.