ENA Sectors 2025-06-09 17:01:44 <p><span style="font-size:14px"><strong>Hyderabad, Jun 9 (KNN) </strong>The Technology Development Board (TDB), under Indias Department of Science &amp; Technology, has sanctioned funding to support Midwest Advanced Materials Pvt Ltd (MAM) in setting up a domestically‑scaled facility for neodymium‑iron‑boron (NdFeB) rare‑earth permanent magnets.</span></p> <p><span style="font-size:14px">These magnets are crucial for electric‑vehicle propulsion systems, wind‑turbine generators, and a wide range of high‑tech equipment.</span></p> <p><span style="font-size:14px">The ₹1,000 crore project will leverage advanced Molten Salt Electrolysis (MSE) developed by the Non‑Ferrous Materials Technology Development Centre (NFTDC), marking a significant stride toward eco‑friendly, indigenous manufacturing.</span></p> <p><span style="font-size:14px">Under the initiative, NFTDC is transferring its technology to MAM, establishing a fully integrated production ecosystem&mdash;from rare‑earth oxide extraction to finished magnet assembly.</span></p> <p><span style="font-size:14px">Initially, the plant will produce around 500 tonnes of finished NdFeB magnets annually, derived from approximately 150 170 tonnes of rare‑earth oxide feedstock. Production capacity is planned to climb to 5,000 tonnes per year by 2030.</span></p> <p><span style="font-size:14px">According to NFTDC Director Dr K. Bala Subramanian, this demonstration facility (TRL‑9) will catalyse Indian capabilities across high‑performance magnets, impacting sectors like smartphones, medical imaging, robotics, and renewable energY.</span></p> <p><span style="font-size:14px">MAM will source raw materials from India Rare Earths Ltd (IREL), and leverage domestically designed low‑cost plant and machinery to enhance the projects economic viability.</span></p> <p><span style="font-size:14px">Rajesh Kumar Pathak, Secretary of the TDB, underscored that the initiative not only advances Indias clean‑energy goals but also addresses critical supply‑chain risks by reducing reliance on foreign magnet imports.</span></p> <p><span style="font-size:14px">As India pushes for greener mobility and cleaner energy, self‑reliance in permanent‑magnet production is vital. At a time when global supply chains are pivoting away from China, this Rs 1,000 crore initiative strengthens Indias strategic position and boosts competitive edge in high‑tech manufacturing.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 42383 https://knnindia.co.in/news/newsdetails/sectors/hyderabads-midwest-advanced-materials-to-invest-rs-1000-crore-for-rare-earth-magnet-production 2025-06-09 17:01:44 knnindia.co.in