Rare Earth Corridors to Boost India’s Self-Reliance in Magnet Manufacturing, Says Industry

India’s proposed rare earth corridors are expected to significantly strengthen the country’s self-reliance in magnet manufacturing, industry experts said, calling the move a critical step toward securing supply chains for clean energy and high-technology sectors. The initiative is aimed at reducing dependence on imports, particularly from China, which currently dominates the global rare earth magnet market.

Industry representatives said the corridors would help integrate mining, processing, recycling and downstream manufacturing of rare earth-based magnets used in electric vehicles, wind turbines, electronics, defence systems and industrial motors. By clustering these activities, the government can lower costs, improve logistics efficiency and accelerate technology adoption.

Experts noted that while India has access to rare earth resources, the lack of domestic processing and magnet-making capacity has forced manufacturers to rely heavily on imports. The proposed corridors, supported by policy incentives and infrastructure investment, are expected to encourage private participation and joint ventures, especially in advanced magnet technologies.

The industry also stressed the importance of parallel investments in research and development, skilled manpower and recycling to ensure long-term sustainability. If implemented effectively, the rare earth corridors could position India as a competitive player in the global magnet supply chain while supporting the broader goals of Aatmanirbhar Bharat.