{"id":117161,"date":"2025-11-04T09:25:06","date_gmt":"2025-11-04T09:25:06","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/117161\/"},"modified":"2025-11-04T09:25:06","modified_gmt":"2025-11-04T09:25:06","slug":"india-plans-to-expand-rare-earth-manufacturing","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/117161\/","title":{"rendered":"India Plans to Expand Rare-Earth Manufacturing"},"content":{"rendered":"<p>(<a style=\"color:black\" href=\"https:\/\/menafn.com\" target=\"_blank\" rel=\"nofollow noopener\">MENAFN<\/a>) India is set to significantly increase its incentives for domestic rare-earth production, with plans to nearly triple the current funding, a media outlet has reported, citing government officials. <\/p>\n<p>The incentive program, aimed at reducing the country&#8217;s reliance on imports, is expected to grow to around $788 million as India seeks to compete with China&#8217;s control over this critical sector.<\/p>\n<p>The expansion of the program, which is still awaiting approval, marks a sharp rise from the original allocation of $290 million. <\/p>\n<p>If approved, the new incentives would provide a major boost to India\u2019s strategic push to secure vital resources needed for industries such as electric vehicles, renewable energy, and defense. <\/p>\n<p>The initiative comes amid increasing concerns over global supply chains for rare-earth materials, which are essential in producing electronics, military equipment, and batteries for electric vehicles.<\/p>\n<p>The move by India follows heightened tensions in the rare-earth market after China imposed export restrictions on these materials. <\/p>\n<p>Rare-earth metals have become a focal point of a trade dispute between the United States, European Union, and China. <\/p>\n<p>Beijing initially imposed export controls on specific rare-earth elements critical for military use in April, citing national security risks and the need to safeguard strategic resources. <\/p>\n<p>In October, these restrictions were expanded to include stricter licensing procedures and extraterritorial provisions, particularly affecting the US defense and semiconductor industries.<\/p>\n<p>However, following discussions between US President Donald Trump and Chinese President Xi Jinping in South Korea last week, Beijing agreed to pause the latest rare-earth export controls for one year. <\/p>\n<p>This suspension was granted in exchange for corresponding cuts in US tariffs and restrictions.<\/p>\n<p><a style=\"color:black\" href=\"https:\/\/menafn.com\/1110290775\/India-Plans-to-Expand-Rare-Earth-Manufacturing\" target=\"_blank\" rel=\"nofollow noopener\"><\/p>\n<p>MENAFN04112025000045017167ID1110290775<\/p>\n<p><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"(MENAFN) India is set to significantly increase its incentives for domestic rare-earth production, with plans to nearly triple&hellip;\n","protected":false},"author":2,"featured_media":117162,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,111,139,69],"class_list":["post-117161","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/117161","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=117161"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/117161\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/117162"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=117161"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=117161"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=117161"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}