Moneycontrol.com·2 min read·medium
India to build domestic capacity in import-dependent sectors, rare-earth magnets in focus: Shaktikanta Das
✦AI Summary
RBI Governor Shaktikanta Das stated that India is prioritizing the development of domestic manufacturing capacity in sectors currently reliant on imports. A specific focus is being placed on the production of rare-earth permanent magnets.
Why it matters
This reflects India's broader economic strategy to reduce supply chain vulnerabilities and boost domestic industrial self-reliance.
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Also covering this story
2 other newsrooms covered this event. We read each version separately.
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