Current Affairs - National - Discussion

The REPM scheme represents a strategic initiative to build India’s first fully integrated domestic manufacturing ecosystem for high-value rare earth permanent magnets. Its core focus is to promote manufacturing of sintered rare earth permanent magnets, which are vital for sectors such as electric vehicles, renewable energy, electronics, aerospace, and defence. By developing end-to-end capacity from rare earth oxides to finished magnets, the scheme aims to reduce dependence on imports, particularly from China. With an approved outlay of over ₹7,000 crore, the initiative supports long-term national goals like Atmanirbhar Bharat and Viksit Bharat by 2047 while strengthening supply-chain resilience.