Prelims: Current events of national and international importance
Why in News?
The Union Cabinet recently approved a new “first-of-its-kind” scheme, with a financial outlay of Rs.7,280 crore, to manufacture Rare Earth Permanent Magnets (REPM) in India.
Sintering is a manufacturing process that uses high heat and pressure to create the densest and most powerful rare-earth magnets
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Rare Earth Permanent Magnets |
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Reference
The Hindu | Rare Earth Permanent Magnets (REPM)