The recent Reliance-Hithium episode has highlighted a structural vulnerability in India’s electric vehicle and clean energy ambitions. Bloomberg reported that Chinese battery startup Xiamen Hithium Energy Storage Technology Co. withdrew from technology-sharing talks with Reliance Industries due to Beijing’s tightened export controls, exposing India’s dependence on foreign technology for critical…
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₹7,280 Cr Plan Powers Rare Earth Magnet Industry
In a decisive push towards technological self-reliance, the Government of India has approved a ₹7,280 crore scheme to establish a domestic manufacturing ecosystem for Sintered Rare Earth Permanent Magnets (REPM). The initiative aims to create an integrated production capacity of 6,000 metric tonnes per annum, significantly reducing India’s dependence on…
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India Eyes Top Spot in Global Auto Manufacturing
Union Minister for Road Transport and Highways, Nitin Gadkari, has set an ambitious target for India: to become the world’s number one automobile manufacturing hub within the next five years. Speaking at the International Value Summit 2025 in New Delhi, the Minister outlined a detailed plan that blends industrial growth,…