L&T plans to manufacture rare-earth magnets in India to challenge China’s dominance
· economictimes.indiatimes.com
Larsen & Toubro is planning to bid for Indias incentives to manufacture rare-earth magnets domestically, people familiar with the matter said. The move would mark a new business for the engineering giant as India seeks to reduce dependence on China, which controls about 90% of global rare-earth magnet production.
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