In November 2025, the Union Cabinet approved a ₹7,280 crore scheme to manufacture something most Indians have never heard of - sintered rare earth permanent magnets. If you’re wondering how big this is: every EV motor, every wind turbine, every guided missile, and every MRI machine depends on these magnets. And right now, India imports 85-90% of them from a single country - China. For decades, this dependency was the cost of doing business. But with China repeatedly using exp