Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnets (REPM) approved with over ₹7,000 crore outlay

Exam-focused facts from the 30 December 2025 current affairs briefing.

Key facts

The Government has approved over 7 thousand crore rupees for the ‘Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnets’ (REPM).
REPM aims to build India’s first integrated domestic manufacturing ecosystem for high-value magnets and create 6,000 metric tonnes per annum capacity spanning the entire value chain from rare-earth oxides to finished magnets.
The Ministry of Mines has entered into bilateral agreements with mineral-rich countries, including Australia, Argentina and Zambia, to support the initiative.