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India launches rare earth initiatives to cut 95% import reliance, targeting self-sufficiency in critical minerals.
Union Minister G Kishan Reddy highlighted India’s 95% reliance on imported critical minerals like lithium, cobalt, and rare earth elements, stressing their importance for energy, defense, and tech sectors.
On February 19, 2026, he announced new initiatives including rare earth corridors in four states and a Rs 7,280 crore scheme to build 6,000 MTPA capacity for rare earth magnets, backed by incentives and subsidies.
The Geological Survey of India has identified 482.6 million tonnes of rare-earth ore, supporting national ambitions to reduce import dependence and become a global hub in critical minerals.
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India lanza iniciativas de tierras raras para reducir el 95% de su dependencia de las importaciones, apuntando a la autosuficiencia en minerales críticos.