3
SUMMARY
Applicant Companies under INR 22,919 Cr incentive scheme have raised concerns about missing incentive-targets for the first year, due to shortage of rare earth elements
In April, China banned export of seven critical rare earth elements in response to Trump’s tariff announcements
India utilises rare earth metals in the manufacturing of EVs, conventional vehicles, consumer electronics, among others
With China’s recent restrictions on the export of certain rare earth…
